Today’s highlights:
– EURUSD: Rebound higher brings the market back up to throwback resistance at 1.2875 as anticipated. Some overshoot above here
expected, but we look for 1.2907 to cap.
– NZDUSD: Upward trend continues steadily higher after support is found at .8230. The focus is now on the .8341/60 resistance zone.
– AUDUSD: Breakout above 1.0443 61.8% Fibonacci retracement resistance sees risk up to 1.0511/3 over the short term.
– USDJPY: Trendline support located at 79.80 holds firm. The focus remains higher with risk of a breakout above 80.68 to 81.49 – the 61.8% Fibonacci retracement hurdle.
Today’s trades/positions:
– EURUSD: Booked profit at 1.2810. Sell again at 1.2893, targeting 1.2755, stop at 1.2920.
– USDJPY: Buy again at 79.95 targeting 81.30, stop at 79.24.
– GBPUSD: Short from 1.6084 targeting 1.5887, stop now at 1.6044.
– USDCHF: Took profit at .9400. Buy again at .9366, targeting .9500, stop at .9290.
– AUDUSD: Short through 1.0262, added at 1.0336, target now at 1.0150, stop now 1.0450.
– NZDUSD: Reversed long through .8270, for .8350, stop at .8230.
– USDCAD: Stopped out at .9921. Buy at .9886 targeting .9999, stop at .9860.
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Credit Suisse