Today’s highlights:
– USDJPY: Rebounding from the 93.35/45 support zone. Above immediate resistance at 94.96/95.00 allows the advance to continue higher for 96.14 minimally.
– AUDUSD: Advance has now reached our target. We highlight that a sustained break above 1.0498/1.0500 is required to see the uptrend persist higher for 1.0602/25 long-term resistance.
– USDCAD: Break below 1.0180 support exposes the flagged internal trendline support level of 1.0138. We are looking for a rally off this support level, back to 1.0343 eventually
– GBPUSD: Failure at 1.5269, and subsequent reversal back below near-term trendline support at 1.5150, paves the way for further downside to come to 1.5027 support.
Today’s trades/positions:
– EURUSD: Sell at 1.2905 targeting 1.2704, stop at 1.3005.
– USDJPY: Long from 94.75 added at 93.75, targeting 99.50, stop now at 93.00.
– GBPUSD: Reversed short through 1.5140, add at 1.5225, targeting 1.5045, stop at 1.5280.
– USDCHF: Long through .9432, for .9745, stop at .9350.
– AUDUSD: Flat. Took profit at 1.0495.
– NZDUSD: Long from .8225, target now .8405, stop now .8328.
– USDCAD: Buy at 1.0145 targeting 1.0400, stop at 1.0000.
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