Today’s highlights:
* EURUSD: Threatening the 1.2479 61.8% Fibonacci retracement hurdle after yesterday’s aggressive rally through 1.2383/7/8 resistance zone.
* GBPUSD: Breakout above 1.5768/85 medium-term range resistance paves the way for further gains up to the 61.8% Fibonacci retracement resistance hurdle of 1.5907.
* USDCHF: Intermediate-term upward trendline break turns the focus lower to .9464/22 support zone.
* AUDUSD: Back challenging the 1.0411 interim low. We expect the market to break below here and extend down to 1.0392 channel
support. Below here would expose the 200-day MA.
Today’s trades/positions:
* EURUSD: Stopped out at 1.2390. Sell at 1.2479, add at 1.2560, stop at 1.2650, target 1.2101.
* 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 long through 1.5790, add at 1.5745, targeting 1.5900, stop at 1.5700.
* USDCHF: Stopped out and reversed short through .9646, target set at .9470, stop at .9735.
* AUDUSD: Short from 1.0460, for 1.0295, stop now at 1.0525.
* NZDUSD: Short from .8101, targeting .8005, stop/reverse at .8148.
* USDCAD: Buy at .9885 targeting .9980, stop at .9840.
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Credit Suisse