Today’s highlights:
EUR/USD: Plunge through key 1.4038/20 negates basing effort and targets 1.3655 into June
GBP/USD: Push through 2011 trend support line leaves risk this week to test the 200-DMA/chart support, 1.5937/36
AUD/USD: New correction low back from 1.0718 hurdle, but holding better 55-DMA/price support, 1.0466/43. We look for a defence of this area into month-end
Today’s trades:
EUR/USD: Still short from 1.4190 for 1.3911; exit to long here (reverse back to short below 1.3849); exit short at 1.4082
USD/JPY: Long at 81.25 for 82.75; stop 80.85
GBP/USD: Short at 1.6280 for 1.5942; exit above 1.6321
USD/CHF: Flat, re-enter long at .8725 for .9006; exit .8670
AUD/USD: Short at 1.0695 for 1.0450; reverse to long here or to flat above 1.0725 (re-enter short below 1.0385)
NZD/USD: Short at .7965 for .7775; stop/reverse here or above .8006
USD/CAD: Flat. Look to buy back to .9655 for .9975; exit below .9578
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