Today’s highlights:
– EURUSD: Resistance found at 1.3309. This is likely to cap the market for now and a correction back to 1.3072/62 is plausible, before the next leg higher to 1.3487.
– USDJPY: Correcting lower after resistance found at 84.61. We expect weakness to target 83.00 throwback support where renewed buying interest should support the market
– USDCAD: Bullish near-term trendline break allows for risk higher to .9935/56 chart resistance, which we look to cap the market.
– GBPUSD: Failure at 1.6310 key long-term resistance turns the focus lower again within the current range, back to 1.6176/82 support.
Today’s trades/positions:
– EURUSD: Booked profit at 1.3215. Buy again at 1.3064 targeting 1.3350, stop at 1.2900.
– USDJPY: Buy again at 83.08 targeting 84.15 stop at 82.45.
– GBPUSD: Buy at 1.6167 targeting 1.6310, stop at 1.6099.
– USDCHF: Sell at .9242 targeting .9150, stop at .9285.
– AUDUSD: Long again from 1.0484, for 1.0620, stop at 1.0393.
– NZDUSD: Long again .8360 targeting .8515, stop at .8293.
– USDCAD: Short from .9865, for .9740, stop/reverse .9898 (for .9951).
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Credit Suisse