Today’s highlights:
– EURUSD: Break through 1.2975/95 now exposes the 78.6% Fibonacci extension resistance hurdle of 1.3178. Corrections likely to hold above 1.2858.
– NZDUSD: Breakout above .8255/24 resistance zone sees next resistance at .8473.
– AUDUSD: Removal of the 78.6% Fibonacci retracement and chart resistance hurdles at 1.0519 and 1.0547 now exposes the more critical 1.0615 high and 1.0653
– USDJPY: Sell off brings market down to the 77.16 basing line support level, printing marginally below at 77.13. The rebound is now likely to be capped by 78.34
Today’s trades/positions:
– EURUSD: Short from 1.3005, add at 1.3095, targeting 1.2775, stop at 1.3190
– USDJPY: Target met and reversed long at 77.25, target/reverse at 78.06, stop at 76.97
– GBPUSD: Sell at 1.6215 targeting 1.5960, stop at 1.6315
– USDCHF: Buy at .9333, targeting .9600, stop at .9210
– AUDUSD: Unwanted short from 1.0505 targeting 1.0220, stop at 1.0618
– NZDUSD: Stopped out at .8340. Buy at .8244 target .8410, stop .8180
– USDCAD: Stopped out at .9650. Sell at .9710 targeting .9580, stop/reverse through .9780
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