Today’s highlights:
· EURUSD: Near-term down trend reversal reinforced by probe above initial 1.3192 recovery target. A less negative tone, but only above 1.3292 shifts to a more positive bias
· GBPUSD: Break above the 200-DMA (1.5861) opens the door for 1.5991
· USDJPY: Resilient consolidation above 13-day EMA support, 82.52, leaves month-end risk to our target at the 2011 peak, 85.54
· AUDUSD: Bear risk eased, but, whilst below 1.0671, March risks remains to retest defended support at our 1.0428/00 target
Today’s trades:
· EURUSD: Flat, retry short at 1.3278 for 1.2960; exit 1.3311
· USDJPY: Flat, retry long at 82.00 for 85.40; exit 80.40
· GBPUSD: Short at 1.5790 for 1.5540; exit 1.5925
· USDCHF: Flat, retry long at .9081 for .9320; exit .9019
· AUDUSD: Short at 1.0780 for 1.0400; exit 1.0680
· NZDUSD: Short at .8400; target is .8050; exit .8300
· USDCAD: Flat, retry short at .9980 for .9790; exit 1.0085
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