Today’s highlights:
– EURUSD: Probing key neckline resistance and the 78.6% retracement hurdle at 1.3050/63. We expect this area to cap the market, with risk back to 1.2880.
– AUDUSD: Probing intermediate-term trendline support at 1.0392. A decisive break below here would allow for weakness back to 1.0288 and then potentially 1.0149.
– NZDUSD: Failing at the upper end of its long-term range, with the market now probing .8152 interim support. Risk is for a downside break through here to target .8052, then .8012.
Today’s trades/positions:
– EURUSD: Sell at 1.3030 targeting 1.2890, stop/reverse through 1.3070.
– USDJPY: Target met at 82.60. Buy again at 81.75, targeting 84.10, stop at 80.60.
– GBPUSD: Stopped out at 1.5992. Sell through 1.6001, targeting 1.5890, stop at 1.6080.
– USDCHF: Long from .9280, add at .9235, targeting .9448, stop at .9210.
– AUDUSD: Reversed short through 1.0426, targeting 1.0201, stop at 1.0525.
– NZDUSD: Sell at .8195 targeting .8015, stop at .8285.
– USDCAD: Short from .9926, target/reverse now .9926, stop/reverse then .9962 (for 1.0050).
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