Today’s highlights:
– EURUSD: Support is found at 1.2891 turning the focus higher again for through 1.3011 to challenge the 1.3074 hurdle initially.
– USDJPY: Market has broken above the 78.89 resistance hurdle to signal an intermediate trendline break and bullish base. We see risk of an advance higher to 80.56/63 eventually.
– AUDUSD: In consolidation mode, and after struggling ahead of the pivotal 1.0321 resistance hurdle, the focus is back on 1.0149 support once more.
– USDCAD: Market holds channel support at .9765 and is rebounding higher to retest .9838. Above here is expected to target .9887, then .9933/50.
Today’s trades/positions:
– EURUSD: Long through.2875, for 1.3150, stop at 1.2826.
– USDJPY: Long again from 78.38, target 79.80, stop 77.76.
– GBPUSD: : Long from 1.6010, target now 1.6140, stop now at 1.5950.
– USDCHF: Short from .9400, target now .9205, stop/reverse .9445.
– AUDUSD: Long from 1.0260, target now 1.0320, stop/reverse now at 1.0200.
– NZDUSD: Short through .8134,added at .8167, target .8020, stop/reverse through now at .8215.
– USDCAD: Long from .9770, for .9933, stop at .9690.
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