Today’s highlights:
– EURUSD: Advance set to continue through 1.3048 interim resistance for a test of the 1.3172 high.
– GBPUSD: Aggressive upside reversal suggests a return through 1.6274 to retest the 1.6310/20 longer-term resistance zone.
– USDCHF: Acceleration lower turns the immediate focus back on .9238. Through here would expose the .9150 78.6% retracement support level.
– AUDUSD: Market holds its range support level of 1.0167 after gaining traction at 1.0182. We see scope for a rebound to 1.0321, but above here needed for a base.
Today’s trades/positions:
– EURUSD: Long at 1.2915, added at 1.2840, stop at 1.2762, target at 1.3040.
– USDJPY: Long from 77.60, target now 78.80, stop now 78.00.
– GBPUSD: Reversed long again at 1.6191, add at 1.6105, for 1.6300, stop placed at 1.6060.
– USDCHF: Short from .9370 targeting .9240, stop at .9440.
– AUDUSD: Long from 1.0280, target now 1.0425, stop at 1.0165.
– NZDUSD: Reversed short through .8178 target/reverse now .8200, stop/reverse through .8278 (for .8350).
– USDCAD: Reversed short through .9800, add at .9835, targeting .9725, stop at .9887.
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