Today’s highlights:
– NZDUSD: Unexpected reversal lower sees the market prod below .8395. The focus now shifts lower to the .8329 trendline support, then to the .8309/.8295 support zone.
– EURUSD: Short term base in place after yesterday’s breakout above 1.3380. The focus turns to the 1.3521/78 resistance, through whichexposes the 1.3711/27 resistance.
– USDCHF: Price beginning to struggle after finding resistance at .9260. The focus is now on the .9150/6 trend support. We highlight that a break below here would expose .9021.
– AUDUSD: Back challenging the 1.0376/0 key resistance zone again. A breakout above here allows for an advance higher to the 1.0458/9 resistance zone.
Today’s trades/positions:
– EURUSD: Long at 1.3365. Target 1.3698, stop/reverse at 1.3328 (for 1.3222).
– USDJPY: Short from 93.90, stop at 95.10, target now 88.10.
– GBPUSD: Sell at 1.5520, targeting 1.5300, stop/reverse through 1.5580 (for 1.60).
– USDCHF: Long from .9150 for .9380, stop/reverse now at .9180 (for .9040).
– AUDUSD: Long again at 1.0307, targeting 1.0450, stop now at 1.0272.
– NZDUSD: Booked small profit and reversed to unwanted long at .8470. Stop/reverse at .8390, target/reverse at .8410.
– USDCAD: Long at 1.0046, targeting 1.0240, stop now 1.0050.
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