Today’s highlights:
– EURUSD: Reverting back to the breakout support zone of 1.2727. Some rebound potential from here for back to test trendline and 200- day average resistance at 1.2838/50.
– USDCHF: Approaching the key .9379/27 38.2% Fibonacci retracement/trendline support zone. We expect the market to gain
traction here for now.
– NZDUSD: Advance continues higher towards the topping trendline resistance hurdle of .8157. We expect the market to target here, with some overshoot risk to .8190
Today’s trades/positions:
– EURUSD: Buy at 1.2730, add at 1.2660, targeting 1.2838, stop at 1.2680. If stopped, buy again at 1.2590
– USDJPY: Reversed short through 78.13, add at 78.60, targeting 77.25, stop at 79.06
– GBPUSD: Buy again at 1.5902, targeting 1.6060, stop at 1.5850
– USDCHF: Short through .9535, added at .9605, target now .9402 stop now .9491
– AUDUSD: Stopped out at 1.0395. Buy at 1.0319, targeting 1.0455, stop at 1.0270
– NZDUSD: Buy at .8060 targeting .8160, stop at .7988
– USDCAD: Try a short at .9840, stop above .9880. Also add below .9799. Cover at .9725
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Credit Suisse