Today’s highlights:
– AUDUSD: Advance continues aggressively higher, after breaking above the flagged trendline and removing resistance at 1.0292. The focus remains higher towards 1.0376.
– NZDUSD: Bullish trendline break and removal of .8326 chart resistance signals a short term and allows the market to advance higher for .8418, and potentially then .8491.
– GBPUSD: Despite a rally, market remains capped by 1.5223/33/68 resistance cluster. The bias will remain lower for a test of the key 61.8% Fibonacci retracement support level of 1.4856.
Today’s trades/positions:
– EURUSD: Long at 1.3040, add at 1.2910, target 1.3275, stop at 1.2844.
– USDJPY: Short from 93.90, stop at 95.10, target now 91.52.
– GBPUSD: Booked profit at 1.5060 (on Monday). Sell at 1.5140 targeting 1.4875, stop/reverse at 1.5225 (for 1.5450).
– USDCHF: Reversed long through .9391, add at .9325, target .9750, stop at .9215.
– AUDUSD: Reversed long from 1.0255, for 1.0355, stop now 1.0255.
– NZDUSD: Scratched short and reversed long at .8300 target set at .8410, stop at .8245.
– USDCAD: Short from 1.0270 target/reverse at 1.0152, stop at 1.0330.
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