Today’s highlights:
* EURUSD: Still probing 1.2593/8 key Fibonacci resistance cluster. Whilst below here, our bias remains skewed to the downside for back through 1.2431 to 1.2399
* USDCHF: Reversal lower from .9637 resistance puts the focus firmly on .9539 support once again. We expect the market to break below here and target .9464/22
* AUDUSD: Market now approaching the key 200-day average located at 1.0309 today. We look for a continuation below here to challenge the 1.0199 38.2% retracement
* USDCAD: Base continues to be developed off support at .9841. We continue to expect an upside break through .9950 for 1.0073/86
resistance
Today’s trades/positions:
* EURUSD: Short from 1.2479, and 1.2575, 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 1.5820, targeting 1.5595, stop at 1.5860.
* USDCHF: Reversed short from .9553, add at .9600, stop at .9650, target .9445
* AUDUSD: Short from 1.0411, target now 1.0295, stop now scratch at 1.0411
* NZDUSD: Short through .8120, target .7990, stop now at .8065
* USDCAD: Long from .9885 target extended to 1.0050, stop at .9820
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