Today’s highlights:
– USDCAD is correcting back from 1.0273, but we look for 1.0158/0149 to ideally hold for a renewed bull phase to 1.0363.
– NZDUSD maintains a top for better support at .8155.
– AUDUSD is stretched, but we look for 1.0302/15 to cap to keep the risks lower to 1.0149.
– EURUSD is staging a corrective bounce, but minimally above 1.3204 is needed to suggest a more sustainable recovery for 1.3319/25.
– USDJPY maintains a top, leaving corrective risks to 90.66/33, then 89.48, with firmer levels seen at 88.03/87.88.
Today’s trades/positions:
– EURUSD: Long at 1.3070, stop/reverse below 1.2998, for 1.3300.
– USDJPY: Short from 93.90, stop at 95.10, target now 88.10.
– GBPUSD: Short at 1.5160/1.5200, stop above 1.5260. Target 1.4875.
– USDCHF: Long from .9150 covered at .9340. Sell at .9340, stop/reverse above .9391 for .9235.
– AUDUSD: Reversed short, stop 1.0343 for 1.0150.
– NZDUSD: Short at .8300/20, stop above .8355 for .8155. Reverse back to a long here, stop/reverse below .8123.
– USDCAD: Covered an existing long at 1.0046. Buy again at 1.0160, stop below 1.0102 for 1.0363.
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