Today’s highlights:
* EURUSD: Challenging 1.2383/7/8 resistance cluster. We highlight that an upside break above here completes a minor base with risk higher to 1.2444/79.
* GBPUSD: Successively higher lows within the broader range persist for now. We see scope for a test of key range highs and resistance at 1.5768/85.
* AUDUSD: Staging a rebound back up towards the 1.0543/33 key trend resistance zone after gaining traction at 1.0411. We expect the former to cap, with risk to 1.0199.
* NZDUSD: Rebound off .8025/37 support zone persist for now, with the market still probing the .8127/41/62 resistance cluster. We expect this area to cap.
Today’s trades/positions:
* EURUSD: Short from 1.2340, now targeting 1.1901, stop at 1.2390.
* USDJPY: Long from 78.61, for 79.70, stop at 78.40. Buy again at 79.01, targeting 79.70, stop at 78.78.
* GBPUSD: Reversed short at 1.5700, add at 1.5750, targeting 1.5490, stop at 1.5790.
* USDCHF: Reversed long at .9754, add at .9680, for 9960, stop/reverse at .9646.
* AUDUSD: Reversed short from 1.0460, for 1.0210, stop now at 1.0551.
* NZDUSD: Short from .8101, targeting .7900, stop at .8175.
* USDCAD: Sell at .9918 targeting .9835, stop/reverse through .9945.
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