Today’s highlights:
– EURUSD: Trendline break exposes the key 1.2803 chart support level and then the 38.2% Fibonacci retracement of 1.2740.
– GBPUSD: Testing the key 1.5959/60/66 support cluster. We look for a rebound from this support zone higher, back towards 1.6217. However, below would expose 1.5873/25.
– USDCHF: Market reverts to our target range/neckline resistance hurdle of .9439. An upside breakout above here is required in order to complete a base for .9610/33.
Today’s trades/positions:
– EURUSD: Target met at 1.2916. Sell at 1.2910, target 1.2755, stop at 1.2967.
– USDJPY: Long again from 78.38, target 79.80, stop 77.76.
– GBPUSD: Reversed short through 1.6100, for 1.5970, stop/reverse now at 1.6010 (for 1.6188).
– USDCHF: Target met at .9435. Buy again at .9380 targeting .9600, stop at .9320.
– AUDUSD: Short at 1.0180, add at 1.0310, targeting 1.0005, stop now at 1.0375.
– NZDUSD: Short at .8153, added at .8241, targeting .8020, stop now at .8341.
– USDCAD: Target met and reversed long from .9770, for .9933, stop at .9690.
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Credit Suisse