Today’s highlights:
* EURUSD: Break through 1.2326/37 support zone allows for a deeper set back within the current corrective uptrend, but we look for this to gain traction at 1.2209/00.
* USDCHF: Acceleration off support at .9656 turns the focus onto channel resistance at .9836; and also signals the longer-term upward trend is set to continue for .9973 again.
* AUDUSD: Removal of short-term support at 1.0530 completes a minor top, with corrective risk back towards more critical support at 1.0436, which we look to hold firm.
* USDCAD: Below .9938, but finding decent support at .9909 for now. We continue to envisage a rebound higher from the current level back to .9990.
Today’s trades/positions:
* EURUSD: Holding a long, stop/reverse 1.2110. Take profit 1.2590.
* USDJPY: Short from the move higher, stop above 78.90. Target 77.80.
* GBPUSD: Holding a short at 1.5610/50, stop/reverse through 1.5700. Target/reverse to a long at 1.5540.
* USDCHF: Long from .9700. Add at .9585, with stop placed at .9565. Target .9900.
* AUDUSD: Buy at 1.0475 targeting 1.0660, stop/reverse 1.0432.
* NZDUSD: Stopped out at .8110. Buy again at .8068 targeting .8248, stop at .8005.
* USDCAD: Long at .9938 targeting 1.0005, stop at .9890.
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