Today’s highlights:
– EURUSD: Support under threat at 1.3257 again as the market reverses lower from resistance at 1.3404/1.3398.
– GBPUSD: Aggressive sell-off on Friday brings the market back to challenge the 1.5823/28/38 support zone. A break below here would complete a major top targeting 1.5692/36 first.
– AUDUSD: Slide lower continues for now with the near-term upward trendline support level of 1.0473 in focus. We expect a break below here to target 1.0400/1.0394.
– USDCAD: Sharp rally on Friday brings the market back up to challenge the key .9975 range/neckline resistance. Only above .9975 signals a base for 1.0058/86.
Today’s trades/positions:
– EURUSD: Long from 1.3260, for 1.3480, stop/reverse through 1.3300 (for 1.3200).
– USDJPY: Booked profit at 90.05. Sell at 89.80, targeting 86.20, stop at 91.00.
– GBPUSD: Long again from 1.5909. Stop at 1.5820. Target 1.6145.
– USDCHF: Booked profit at .9340. Buy again .9228 targeting .9500, stop at .9197.
– AUDUSD: Short from 1.0570 targeting 1.0477, stop now 1.0528.
– NZDUSD: Short through .8410, target now .8302. Stop now at .8365.
– USDCAD: Stopped out at stop at .9930. Sell at .9919 targeting .9740, stop at .9979.
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