Today’s highlights:
– EURUSD: Breakout above 1.3074 resistance paves the way for a challenge of the 1.3172/78 resistance zone. Note 1.3150 trendline
resistance in the interim.
– GBPUSD: Trendline break allows for further strength higher to 1.6190 and then 1.6217/74 potentially.
– USDCHF: Aggressive breakdown through .9275 and the .9238 low exposes the 78.6% Fibonacci retracement support level of .9150.
– NZDUSD: Market holds long-term trendline support at .8108 and stages a bullish reversal higher. Above .8213 completes a base, with potential then higher to .8341/60.
Today’s trades/positions:
– EURUSD: Long through 1.2875, for 1.3150, stop now at 1.3075.
– USDJPY: Long again from 78.38, target 79.80, stop 77.76.
– GBPUSD: Long from 1.6010, target now 1.6140, stop now at 1.6115.
– USDCHF: Short from .9400, target now .9205, stop now at .9250.
– AUDUSD: Flat. Target met at 1.0320.
– NZDUSD: Short through .8134,added at .8167, target .8020, stop/reverse now at .8190.
– USDCAD: Long from .9770, for .9933, stop now at .9845.
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