Today’s highlights:
– AUDUSD below 1.0329 completes a major top, and allows for a decline to 1.0149 long-term range support.
– USDJPY spotlight remains on retracement resistance at 94.13 and, with a significant chart barrier just above at 95.00, we expect this zone to cap.
– EURUSD: whilst capped by 1.3711/27 resistance the risk remains lower to 1.3310.
– GBPUSD spotlight stays on long-term trendline support at 1.5622, which we expect to hold for a rebound.
Today’s trades/positions:
– EURUSD: Short at 1.3525, add at 1.3610, targeting 1.3312, stop now at 1.3730.
– USDJPY: Short from 93.90, stop at 95.10, target now 88.10.
– GBPUSD: Long at 1.5843, added at 1.5740, targeting 1.6350, stop widened to 1.5600.
– USDCHF: Buy at .9010, targeting .9350, stop at .8850.
– AUDUSD: Short from 1.0456, targeting 1.0180, stop now 1.0459.
– NZDUSD: Short through .8447, targeting .8230, stop at .8505.
– USDCAD: Long at .9975, targeting 1.0135, stop at .9900.
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Credit Suisse