Today’s highlights:
· GBPUSD: Prod to a new Q1 recovery peak (through 1.5991) to open the door to the Q4 high at 1.6167 (interim hurdle 1.6090).
· EURUSD: Digestion setback, but prior break above 1.3292/94 intact for a constructive bias to aim up to the 1.3487/3510 major resistance cluster.
· AUDUSD: Anticipated stall back from trend line resistance from the Q1 peak (1.0530), keeps pressure lower into Q1-end, on the six-month up trend line, now 1.0315.
· USDCAD: Low level digestion of the recovery failure from critical pivot barriers at 1.0051/71. This keeps our bias to and potentially through the cycle low, .9842 (for .9780 next).
Today’s trades:
· EURUSD: Flat, buy at 1.3220 for 1.3490; exit 1.3120.
· USDJPY: Long at 82.16 for 85.40; exit 80.40.
· GBPUSD: Flat, buy at 1.5825 for 1.6075; exit 1.5745.
· USDCHF: Reversed to short at .9019 for .8846; exit .9146.
· 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
Click here to read the full report: FX Daily Majors
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