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Trade on currency with CMC Markets – Trusted FX Brokers
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Today’s highlights:
EURUSD: Short-term top enhanced and a more defensive sideways theme below 1.3134. Head & Shoulders top risks are resurrecting, needing a break of the “neckline”, 1.3025.
GBPUSD: Small top/short-term bear reversal (back from 1.6090 barrier) reinforced with prod at 1.5842. Sideways activity expected near term, above 1.5771/60 support.
AUDUSD: Intermediate-term top reinforced by reversal of 6-month trend line. Prod at 50% retrace target, 1.0260, but we still look for 1.0145/15 into mid-month.
NZDUSD: Wednesday erosion enhances defensive range tone back from .8265/82 resistance. We still aim at our .8050/7996 target.
Today’s trades/ positions:
EURUSD: Flat, try short at 1.3240 for 1.2980; exit 1.3390.
USDJPY: Long at 82.16 for 85.40, add at 81.10; exit 80.40.
GBPUSD: Long entered at 1.5855 for 1.6160; exit 1.5744.
USDCHF: Flat, try a long at .9106 for .9330; exit .8988.
AUDUSD: Flat, retry short at 1.0420 for 1.0115; exit 1.0565.
NZDUSD: Short at .8400; target is .8050; exit .8300.
USDCAD: Short at .9970 for .9790; exit 1.0085.
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