Today’s highlights:
– EURUSD: Aggressive rally brings the market up through 1.3388 and next resistance is now located at 1.3487. We expect some consolidation from current levels, before extension to 1.3835.
– AUDUSD: Reversal lower from 1.0602 resistance suggests further weakness to come back to 1.0451 trendline support and then below here towards 1.0394
– USDJPY: Advance persists higher towards our target of 90.00/84, after last week’s rebound up from support at 86.82.
– USDCAD: Violation of .9821 reinforces bearish bias for further downside to .9795 and then .9733/23 chart/retracement support zone.
Today’s trades/positions:
– EURUSD: Target met at 1.3365. Sell at 1.3380 targeting 1.3260, stop at 1.3422.
– USDJPY: Buy at 88.65, targeting 90.50, stop at 87.85.
– GBPUSD: Stopped out and reversed long through 1.6090, target set at 1.6235, stop/reverse now at 1.6120.
– USDCHF: Target met/reversed short from .9175 targeting .9079, stop at .9200.
– AUDUSD: Short from 1.0570 targeting 1.0410, stop now 1.0625.
– NZDUSD: Booked profit and reversed short through .8410 for .8300. Stop now at .8464.
– USDCAD: Short from .9870 for .9730, stop now at .9870.
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