Today’s highlights:
· USDJPY: Small “Double Top” through 83.01 favours defensive consolidation with risk down to 81.96 (which we look to hold), before next leg higher (to 85.54).
· AUDUSD: A close through our 200-day MA/38.2% retrace target, 1.0404/00, with comfortable price action below here to leave month-end risk now to 1.0260 (possibly 1.0115).
· NZDUSD: Close to a retest of our previously defended .8050/7996 target area (with erosion back from .8282). Q1-end risk through here, to .7920.
· EURUSD: Ongoing cautious consolation reinforces near-term range theme. A modestly defensive bias intact whilst below 1.3292, but only more negative through 1.2975.
Today’s trades:
· EURUSD: Short at 1.3278 for 1.2960; exit 1.3326.
· USDJPY: Flat, retry long at 82.16 for 85.40; exit 80.40.
· GBPUSD: Short at 1.5790 for 1.5540; exit 1.5925.
· USDCHF: Long at .9081 for .9320; exit .9019.
· AUDUSD: Short at 1.0780, now for 1.0270; exit 1.0680.
· NZDUSD: Short at .8400; target is .8050; exit .8300.
· USDCAD: Short at .9970 for .9790; exit 1.0085.
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