Today’s highlights:
– EURUSD: Market gains traction at the 1.2880 interim support level. We expect a rebound back up to 1.2974 interim resistance.
– AUDUSD: Probing the 1.0521/3 key near-term resistance zone. Above here sees risk of trend continuation up to the 1.0625 high.
– USDCHF: Base completion through .9343 allows for an eventual test of the 200-day average at .9423 as expected. We continue to expect any corrections to hold above .9212.
– USDCAD: Top completion through .9895/72 support zone. We see scope for the market to now extend lower to .9795 and then .9723/33.
Today’s trades/positions:
– EURUSD: Buy through 1.2930, add at 1.2880, targeting 1.3091 stop at 1.2840.
– USDJPY: Long from 81.75, add at 81.02, targeting 84.10, stop at 80.60.
– GBPUSD: Short through 1.6085 target/reverse now 1.6010, stop/reverse through 1.6040 (for 1.6225).
– USDCHF: Long from .9280, target now .9400, stop now at .9280.
– AUDUSD: Short through 1.0426, target now 1.0305, stop/reverse through 1.0524 (for 1.0610).
– NZDUSD: Long at .8311, targeting .8430, stop at .8230.
– USDCAD: Reversed short from .9868, add at .9908, targeting .9798, stop at .9938.
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