Today’s highlights:
– EURUSD: Bullish outside reversal day off the 200-day average signals a recovery is underway for 1.3074 to 1.3172/8 initially.
– USDJPY: Market has gained traction at 77.93, resulting in a reversal higher. But above 78.89 is required to signal a trendline break with risk to 79.83.
– AUDUSD: Grind higher continues for now towards 1.0321/46 key resistance. A breakout above here paves the way for a sustainable
recovery higher to 1.0478/1.0521.
– USDCAD: Emphatic bearish reversal from resistance found at .9887. A break below .9763 channel support is required in order to see a retest of .9733/24 support zone once again.
Today’s trades/positions:
– EURUSD: Stopped out in the money and reversed long through 1.2875, for 1.3150, stop at 1.2826.
– USDJPY: Long again from 78.38, target 79.80, stop 77.76.
– GBPUSD: Long from 1.6010, target now 1.6140, stop now at 1.5950.
– USDCHF: Short at .9400, for .9285, stop/reverse .9445.
– AUDUSD: Reversed back to long at 1.0260 for 1.0460, stop at 1.0159.
– NZDUSD: Reversed long from .8190, for .8320, stop/reverse .8134.
– USDCAD: Target met and reversed long from .9770, for .9933, stop at .9690.
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Credit Suisse