Today’s highlights:
EUR/USD: Reinforcing the base through key 1.4341/46 resistance with probe of 1.4424/43. Early June target 1.4572
GBP/USD: Bearish “outside” Tuesday reflects upside hesitancy. Whilst above 1.6379 through, early June risk is to retest the 1.6741/48 peaks with interim challenges to 1.6600
AUD/USD: Tuesday stall dismissed leaving early June threat up to 1.0890/91 chart/78.6% Fibonacci retracement resistance
USD/CAD: Short-term top, but only below .9645/40 negates recovery theme and lends a more defensive tone. We look for this area to hold
Today’s trades:
EUR/USD: Flat, buy at 1.4366 or through 1.4443 for 1.4570; exit 1.4250 if long on the dip, 1.4360 if long on the break
USD/JPY: Flat, re-enter long at 81.08 for 84.00; exit 80.08
GBP/USD: Flat, buy back to 1.6430 for 1.6740; exit 1.6365
USD/CHF: Flat; sell rebound to .8650 for .8415; exit .8690
AUD/USD: Long through 1.0735 for 1.0884; exit 1.0606
NZD/USD: Flat, re-enter long at .8156 for .8390; exit below .8040
USD/CAD: Long entered at .9712 for .9975; exit.9624
Credit Suisse
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