Today’s highlights:
– EURUSD: Removal of 1.3010 resistance implies a continuation higher towards 1.3140/72 resistance but we look for this to cap and for the range bound tone to continue.
– NZDUSD: Failure at .8270 ahead of the topping trendline and retracement resistance zone of .8294/81. We expect the market to reverse lower from here to target .8152.
– USDJPY: Advance continues higher towards the 82.64/84 resistance zone. We expect an eventual break through 83.09 neckline resistance to target 84.19/10 initially.
Today’s trades/positions:
– EURUSD: Booked profit/reversed long through 1.2964, then second target met at 1.3004. Buy again at 1.2961, target 1.3110, stop at 1.2930.
– USDJPY: Long from 82.05, targeting 82.60, now at 82.05. Buy again at 81.25 if stopped out, targeting 84.10, stop at 80.60.
– GBPUSD: Scratched short and reversed long at 1.6025, for 1.6080, stop now at 1.5992.
– USDCHF: Long from .9280, add at .9235, targeting .9448, stop at .9210.
– AUDUSD: Long from 1.0435 targeting 1.0610, stop/reverse through 1.0426.
– NZDUSD: Sell at .8260 targeting .8120, stop at .8315.
– USDCAD: Scratched long and reversed short from .9926, for .9765, stop/reverse then .9962.
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