Today’s highlights:
– EURUSD: Consolidating back towards 1.3298 throwback support. We expect some brief weakness below here to 1.3249 where we envisage renewed buying interest again.
– USDCHF: Strong rebound higher from support found at .9110 results in a re-test of the .9276 trendline resistance. We expect an eventual base to unfold for .9430/19.
– NZDUSD: Reversal lower from resistance at .8462 is expected to result in further downside risk to .8286 interim chart support. Below here would then target .8213.
Today’s trades/positions:
– EURUSD: Short from 1.3380, target/reverse 1.3260, stop now at 1.3395.
– USDJPY: Long from 88.65, targeting 90.50, stop at 87.85.
– GBPUSD: Booked profit and reversed short at 1.6120, target now at 1.5995, stop/reverse through 1.6180.
– USDCHF: Stopped out at .9200. Buy at .9250, target .9628, stop at .9060.
– AUDUSD: Short from 1.0570, targeting 1.0410, stop now 1.0625.
– NZDUSD: Short through .8410 for .8300. Stop now at .8464.
– USDCAD: Short from .9870 for .9730, stop now at .9870.
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