Today’s highlights:
– EURUSD: Still scope for a brief break below 1.3257 but broadly we remain bullish for trend continuation through 1.3404 to 1.3487 and then 1.3835 eventually.
– GBPUSD: Oscillating around its 50% retracement at 1.5823, we see scope for further weakness back towards 1.5692/36 support zone.
– USDJPY: Probing the 87.80 support level. A break below here is expected to signal the beginning of a correction lower for 86.00/85.54 support zone.
– AUDUSD: 1.0583 chart resistance continues to cap the market for now. We expect a return to challenge the key 1.0485/8 support zone, and then below here for 1.0400/1.0394.
Today’s trades/positions:
– EURUSD: Booked profit and reversed short at 1.3300, add at 1.3333, target/reverse 1.3165, stop at 1.3375.
– USDJPY: Short at 89.80, targeting 86.20, stop at 91.00.
– GBPUSD: Sell at 1.5960 targeting 1.5695, stop at 1.6010.
– USDCHF: Buy again .9236 targeting .9500, stop at .9197.
– AUDUSD: Short again through 1.0540 targeting 1.0405, stop at 1.0610.
– NZDUSD: Short again at .8415 targeting .8235, stop at .8480.
– USDCAD: Short at .9919 targeting .9740, stop at .9979.
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Credit Suisse