Today’s highlights:
* EURUSD: Recovering back up towards 1.2388 interim chart resistance. We expect the market to break through here to challenge
1.2444/79 and then 1.2598.
* AUDUSD: Market is beginning to struggle at current levels. Only the removal of 1.0436 chart/trend support signals a top however.
* NZDUSD: Gradual decline lower persists for now. But market still above .8067 support. Below .8067/25 support zone signals a top
however.
* USDCHF: Market reverting back to key intermediate-term upward trendline support zone at .9635/56 after the recent failure at .9836/10.
Today’s trades/positions:
* EURUSD: Holding a long, stop/reverse 1.2110. Take profit at 1.2590.
* USDJPY: Short from the move higher, stop above 78.90. Target 77.80.
* GBPUSD: Long from 1.5700. Target placed at 1.5895, stop at 1.5565.
* USDCHF: Took profit at .9760. Sell at .9746 targeting .9635, stop at .9798.
* AUDUSD: Long from 1.0512 targeting 1.0660, stop/reverse 1.0432.
* NZDUSD: Long from .8105, targeting .8248, stop at .8035.
* USDCAD: Long at .9938 target/reverse now .9955, stop at .9890.
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