Today’s highlights:
– EURUSD: Uptrend persists higher towards our target 1.2975/95 pivotal resistance zone. Above would see a continuation to our next
target, set at the 1.3284 chart hurdle.
– USDJPY: Break below 77.91 initial support now exposes the 77.66 low. We expect a continuation through here to 77.16 basing line
support.
– AUDUSD: Market breaks above its topping trendline resistance at 1.0467 which now exposes the 1.0547 interim high. Above here sees a return to the 1.0615 peak.
– GBPUSD: Prodding above the 1.6081 78.6% Fibonacci retracement hurdle. A sustained break higher is required in order to allow for a continuation in trend up towards 1.6302.
Today’s trades/positions:
– EURUSD: Buy at 1.2803 targeting 1.2975, stop/reverse through 1.2730.
– USDJPY: Reversed short through 78.13, targeting 77.25, stop at 79.06.
– GBPUSD: Buy again at 1.6030, targeting 1.6175, stop/reverse at 1.5890.
– USDCHF: Flat. Target met at .9402.
– AUDUSD: Buy at 1.0405 targeting 1.0530 stop at 1.0320.
– NZDUSD: Buy at .8145, targeting .8248, stop at .8080.
– USDCAD: Try a short at .9840, stop above .9880. Also add below .9799. Cover at .9725.
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Credit Suisse