Today’s highlights:
– EURUSD: The focus remains lower within the current range, with risk to 1.2885/60 support zone, where we look for buying interest to emerge.
– GBPUSD: Probing key near-term topping trendline resistance at 1.6147. A break above here and 1.6182 is required to see a re-test of the 1.6310 high.
– AUDUSD: Failure at 1.0399, ahead of 1.0413/43. The focus is now on the critical 1.0236 chart/trend support. A break lower would complete a bearish top, with risk to 1.0149.
– USDJPY: Capped by resistance found at 80.40, just below our target resistance zone of 80.56/63. Scope for a correction lower from here, back towards 79.12.
Today’s trades/positions:
– EURUSD: Long from 1.3060, for 1.3260, stop at 1.2860.
– USDJPY: Buy again at 79.25, targeting 80.55, stop at 78.98.
– GBPUSD: Short from 1.6120 targeting 1.5950, stop at 1.6184.
– USDCHF: Long from .9345, add at .9292, targeting .9439, stop at .9255.
– AUDUSD: Short through 1.0262, added at 1.0336, target now at 1.0150, stop at 1.0400.
– NZDUSD: Long from .8170 targeting .8340, stop at .8100.
– USDCAD: Short from .9926, targeting .9831, stop at .9976.
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Credit Suisse