Today’s highlights:
– EURUSD: Gaining traction at 1.3310, the 38.2% retracement. Through 1.3394 initial resistance allows for a rebound back towards 1.3521. Above here is required to see through 1.3711/27 to 1.3835.
– USDJPY: Back probing the key 94.45 chart hurdle. Above here then targets the 95.00 resistance hurdle. But above the latter required for sustained advance up to 99.86.
– USDCAD: Focus remains firmly higher after Friday’s strong rally back to the key near-term 1.0102/1.0089 range resistance highs. We expect a break above here to target 1.0136.
– NZDUSD: Emphatic reversal lower from .8536 suggests a correction is now underway for back towards .8309 interim chart support.
Today’s trades/positions:
– EURUSD: Short from 1.3510, targeting now 1.3210, stop/reverse now at 1.3365.
– USDJPY: Short from 93.90, stop at 95.10, target now 88.10.
– GBPUSD: Sell at 1.5625 targeting 1.5423, stop/reverse at 1.5700.
– USDCHF: Long from .9150 for .9380, stop now at .9198.
– AUDUSD: Scratched long at 1.0325. Buy again through 1.0307 targeting 1.0450, stop at 1.0220.
– NZDUSD: Sell at .8465 targeting .8320, stop at .8537.
– USDCAD: Stopped out and reversed long through 1.0046, targeting 1.0240, stop at .9980.
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Credit Suiss