Today’s highlights:
– EURUSD: Support minimally found at 1.2920, however, the risk is for a test of the 1.2891/85 support zone still, where we envisage renewed buying interest for back to 1.3140/72.
– GBPUSD: Support is found at 1.5914, with the market staging a sharp reversal higher. Above 1.6055 would allow for a rebound back to 1.6147/82 resistance.
– NZDUSD: Bullish outside day from support at .8101 results in a base with a breakout above .8233. The bias has shifted higher again for back to .8300/.8341.
– USDJPY: Uptrend continuing steadily higher with the focus firmly on our target resistance zone of 80.56/63. A break above here would expose 81.49.
Today’s trades/positions:
– EURUSD: Long from 1.3060, for 1.3260, stop at 1.2860.
– USDJPY: Buy again at 79.51, targeting 80.55, stop at 78.98.
– GBPUSD: Stopped out at 1.6035. Sell at 1.6120, targeting 1.5950, stop at 1.6184.
– USDCHF: Long from .9345, add at .9292, targeting .9439, stop at .9255.
– AUDUSD: Short through 1.0262, added at 1.0336, target now at 1.0150, stop at 1.0400.
– NZDUSD: Stopped out at .8189. Buy at .8170, targeting .8340, stop at .8100.
– USDCAD: Short from .9926, targeting .9831, stop at .9976.
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