Today’s highlights:
– EURUSD: Rebounding from support found at 1.2662 and threatening trendline resistance located at 1.2742. We look for a break above here and extension towards 1.2877, which should then cap.
– GBPUSD: Consolidating ahead of the 200-day average located at 1.5851. We expect a rebound back up through 1.5917 to challenge trendline resistance at 1.5947.
– AUDUSD: Focus remains higher within this current upward trend, for a retest of the 1.0482 hurdle, and then an eventual extension up to 1.0521/3 resistance.
Today’s trades/positions:
– EURUSD: Target met at 1.2680. Buy at 1.2704 target/reverse 1.2832, stop at 1.2660.
– USDJPY: Long through 79.62, add at 79.18, for 80.55, stop at 79.01.
– GBPUSD: Sell at 1.5940, add at 1.5995, stop at 1.6030, targeting 1.5781.
– USDCHF: Go long at .9432, targeting .9610, stop at .9379.
– AUDUSD: Long at 1.0375, stop now at 1.0395. Take profit at 1.0520.
– NZDUSD: Buy at .8146, stop at .8105, targeting .8230.
– USDCAD: Go long again at .9960, stop below .9925. Take profit at 1.0076.
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Credit Suisse