Today’s highlights:
– EURUSD: Rebounding higher from the 1.3005/1.2993 support zone. We expect a resumption of the upward trend through 1.3140 and 1.3172/8 for a continuation up to 1.3388.
– USDJPY: Fast approaching 79.83 38.2% Fibonacci retracement resistance. We expect an extension higher above here eventually to
challenge the 80.56/63 hurdle.
– USDCHF: Failure at .9298 throwback resistance turns the focus lower once again for a re-test and eventual break through .9212 to .9150.
– AUDUSD: Correction lower beginning to tire, ahead of the 1.0272/64 support zone. We expect a rebound higher back to 1.0413, and then 1.0443 61.8% retracement resistance.
Today’s trades/positions:
– EURUSD: Buy again at 1.3010, for 1.3260, stop at 1.2890.
– USDJPY: Long again from 78.38, target 79.80, stop now 79.10.
– GBPUSD: Buy at 1.6025, targeting 1.6125, stop at 1.5960.
– USDCHF: Took profit at .9250. Sell at .9270, targeting .9170, stop at .9306.
– AUDUSD: Long from 1.0330, targeting 1.0440, stop/reverse at 1.0272.
– NZDUSD: Long from .8190, targeting 8299, stop now at .8136.
– USDCAD: Flat. Target met at .9930.
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