Today’s highlights:
· USDJPY: Holds at key near-term support target, 80.58, but only above 81.88 eases downside risks.
· AUDUSD: Push above trend line resistance from February eases immediate bear threat, but 1.0465 is needed for a small base (which we would look to cap).
· USDCAD: Still unwilling to push above 1.0051/71 barriers and we again anticipate a roll back lower to the range.
Today’s trades/ positions:
· EURUSD: Flat, try short at 1.3160 for 1.2810; exit 1.3260.
· USDJPY: Average long now 81.63 for 85.40; exit lowered to 79.90.
· GBPUSD: Long at 1.5855 for 1.6160; exit 1.5744.
· USDCHF: Flat, try a long at .9106 for .9330; exit .8988.
· AUDUSD: Short again at 1.0350 for 1.0050; exit 1.0475.
· NZDUSD: Short at .8400; target is .8050; exit .8300.
· USDCAD: Short at .9970 for .9790; exit 1.0085
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