Today’s highlights:
– EURUSD: Poised at the 1.3310 38.2% Fibonacci retracement support level. Whilst above the risk is for a more immediate recovery back through 1.3432 to 1.3521/78. Below here however sees a deeper setback to 1.3212.
– USDJPY: Market remains stubbornly capped by 94.45/95.00 resistance for now. Below 91.98 support is required to signal a nearterm top is in place for 88.06 initially.
– AUDUSD: Rebounding higher back towards the key 1.0376 chart resistance hurdle. We expect a breakout above here to target 1.0459/8 resistance.
– USDCAD: Breakout above 1.0089/1.0102 resistance hurdles sets up for a test of the 61.8% Fibonacci retracement at 1.0136.
Today’s trades/positions:
– EURUSD: Booked profit and reversed long at 1.3365. Target 1.3698, stop/reversed at 1.3319 (for 1.3217).
– USDJPY: Short from 93.90, stop at 95.10, target now 88.10.
– GBPUSD: Sell at 1.5520, targeting 1.5300, stop/reverse through 1.5580 (for 1.60).
– USDCHF: Long from .9150 for .9380, stop now at .9198.
– AUDUSD: Long again at 1.0307, targeting 1.0450, stop at 1.0220.
– NZDUSD: Short from .8465, target .8320, stop/reverse .8470 (for .8560).
– USDCAD: Long at 1.0046, targeting 1.0240, stop now 1.0046.
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Credit Suisse