Today’s highlights:
* EURUSD: Probing 1.2598/3 resistance. We expect a correction lower from here, back to 1.2431 support. Below here then exposes 1.2337 channel support
* NZDUSD: Sharp ‘doji’ reversal from .8190 resistance allows for a return to range lows and support at .8037. Through here then paves the way for the market to extend to .8015
* AUDUSD: Head-fake above 1.0443 after reversal lower from 1.0547. The focus is now back on key 1.0411/3 support zone, and a break below here exposes the 200 DMA at 1.0299
Today’s trades/positions:
* EURUSD: Short from 1.2479, and1.2575, stop at 1.2630, target 1.2101
* USDJPY: Buy at 78.32 targeting 79.20, stop/reverse through 78.13 (for 77.15)
* GBPUSD: Short from 1.5895 targeting 1.5770, stop at 1.5965
* USDCHF: Short through .9646, target set at .9470, stop/reverse now .9661
* AUDUSD: Long from 1.0466 target/reverse now 1.0466, stop/reverse at 1.0411
* NZDUSD: Long from .8148, target/reverse now .8148, stop/reverse through .8120
* USDCAD: Long from .9885 target extended to 1.0050, stop at .9820
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