Today’s highlights:
* EURUSD: Rebound brings the market back up towards the 1.2593/8 resistance hurdle. Whilst below here the bias remains lower for 1.2431, then 1.2337
* GBPUSD: Trendline support at 1.5754 holds firm, turning the focus back on the 1.5907/13 resistance zone. We look for this to cap once again
* NZDUSD: Probing the intermediate-term upward trendline and key support zone of .8025/08. We continue to expect an eventual
breakdown through here to target .7931
* USDCAD: Basing efforts remain intact after yesterday’s sell off holds above .9841 support. The reversal late yesterday suggests a recovery higher through .9950
Today’s trades/positions:
* EURUSD: Short from 1.2479, and 1.2575, stop at 1.2630, target 1.2101
* USDJPY: Buy at 78.32 targeting 79.20, stop/reverse through 78.13 (for 77.15)
* GBPUSD: Short from 1.5820 targeting 1.5595, stop at 1.5860.
* USDCHF: Unwanted long from .9610, added at .9575, for .9710, stop/reverse now at .9553
* AUDUSD: Short from 1.0411, add at 1.0475, target 1.0205, stop at 1.0547
* NZDUSD: Short through .8120, add at .8160, target .7955, stop at .8225
* USDCAD: Long from .9885, target extended to 1.0050, stop at .9820
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Credit Suisse