Today’s highlights:
AUDUSD: Spotlight on six month up trend line, 1.0325 (setting back from Q1 topping trend barrier). A close below this key support risks April move to 1.0145/15 target.
NZDUSD: Poised at minor chart prop at .8143 (back from ahead of .8282 chart resistance) with risk still lower back our .8050/7996 target (and lower into April to .7920).
EURUSD: Further high level consolidation, but holding the break above 1.3285/92 to leaves early April risk to the 1.3475/3510 major resistance targets/barriers.
Today’s trades:
EURUSD: Flat, buy at 1.3220 for 1.3490; exit 1.3120.
USDJPY: Long at 82.16 for 85.40; exit 80.40.
GBPUSD: Flat, buy at 1.5825 for 1.6075; exit 1.5745.
USDCHF: Short at .9019 for .8846; exit .9146.
AUDUSD: Short at 1.0780, now for 1.0270; exit 1.0680.
NZDUSD: Short at .8400; target is .8050; exit .8300.
USDCAD: Short at .9970 for .9790; exit 1.0085.
Click here to read the full report: FX Daily Majors
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