Today’s highlights:
– EURUSD: Failure at 1.3048 last Friday maintains the downward trend for now, with risk remaining lower to 1.2858/29 support zone.
– GBPUSD: Expected rebound and failure at the 1.6302/20 turn the focus lower again for a test of the key 1.6164 neckline support level. Below here is needed for a top for 1.5959.
– USDCAD: Rebounding back up towards key medium-term trendline resistance at .9819/17 once again. A breakout above here is needed to allow for a rally towards .9933.
– AUDUSD: Head fake above 1.0499 prior resistance, after reversal lower from 1.0521 keeps the broader focus lower to 1.0321/36 for now.
Today’s trades/positions:
– EURUSD: Short from 1.3005, added at 1.3095, target/reverse 1.2860, stop/reverse now at 1.3049.
– USDJPY: Buy again at 77.60, targeting 79.05, stop at 77.10.
– GBPUSD: Short from 1.6215 target/reverse 1.5990, stop at 1.6315.
– USDCHF: Sell at .9380 targeting .9155, stop at .9430.
– AUDUSD: Stopped out at 1.0500. Sell again at 1.0475, targeting 1.0340, stop/reverse through 1.0512.
– NZDUSD: Sell again at .8245 targeting .8140, stop at .8290.
– USDCAD: Long through .9780, added at .9752, target now .9890, stop at .9724.
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Credit Suisse