Today’s highlights:
– EURUSD: Reversal lower from 1.3084 results in a minor top through 1.3011/12 support. The focus is now on 1.2891/85 chart/trendline support.
– GBPUSD: 1.6055 resistance remained intact, resulting in top completion through 1.5975/66/59. The focus has shifted lower again
for 1.5873, below which exposes 1.5754/70.
– NZDUSD: Medium-term trendline break and removal of prior support at .8136/08 pave the way for further downside to .8080/84, and below here then targets .8012.
– USDCHF: Threatening to break out above medium-term downward trendline resistance at .9345. Only a push above here completes a base, for .9439 initially.
Today’s trades/positions:
– EURUSD: Long from 1.3060, for 1.3260, stop at 1.2860.
– USDJPY: Buy again at 79.17, targeting 80.45, stop at 78.80.
– GBPUSD: Stopped out at 1.5960. Sell at 1.5985, for 1.5873, stop at 1.6035.
– USDCHF: Stopped out at .9306. But through .9345 targeting .9565, stop at .9252.
– AUDUSD: Reversed short through 1.0262, add at 1.0336, target now at 1.0150, stop at 1.0400.
– NZDUSD: Stopped out at .8136. Sell at .8148, targeting .8080, stop at .8189.
– USDCAD: Sell at .9926, targeting .9831, stop at .9976.
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