Today’s highlights:
– EURUSD: Doji reversal yesterday and defence of the 1.3024 chart resistance hurdle points to a return to challenge the 1.2882/70
support zone. We expect lower to 1.2803
– USDJPY: Rebound higher from 79.28 support has now prodded back above 80.12, exposing the 80.39 high, and then 80.56/63. A push through the latter would allow for an extension up to 81.49.
– AUDUSD: The market continues the struggle to the upside. We remain negative and envisage 1.0401/43 resistance zone continuing to cap, with scope lower through 1.0236.
Today’s trades/positions:
– EURUSD: Reversed short from 1.2950, add at 1.2988, for 1.2750, stop/reverse at 1.3028.
– USDJPY: Stopped out at 79.95. Buy at 79.95 target 80.50, stop at 79.67.
– GBPUSD: Short from 1.6120 targeting 1.5950, stop now at 1.6155.
– USDCHF: Stopped out at .9280. Buy again at .9315 targeting .9420, stop at .9265.
– AUDUSD: Short through 1.0262, added at 1.0336, target now at 1.0150, stop now 1.0450.
– NZDUSD: Long from .8170 target .8340, stop/reverse .8184 ( for .8105).
– USDCAD: Short from .9982 target/reverse now .9982, stop at 1.0023.
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