Today’s highlights:
· EURUSD: Break below 1.3026 chart support and the 38.2% retracement of 1.3054 keeps the focus skewed lower to the 1.2889/54 chart/61.8% retracement support zone
· AUDUSD: Topping structure in place with threat lower to the trend line from late 2011, now 1.0629/45. Through confirms a more notable reversal for 1.0527
· USDCAD: Threatening a base, as the market reverts higher once again back to challenge the pivotal 1.0040/1.0051/71 resistance cluster
Today’s trades:
· EURUSD: Short through 1.3125 for 1.2870; exit 1.3330
· USDJPY: Long through 78.35 for 79.50; exit below 77.90
· GBPUSD: Flat, try short at 1.5750 for 1.5525; exit 1.5850
· USDCHF: Long at .9130 for .9380; exit .9064
· AUDUSD: Reversed long (from 1.0675) to short at 1.0760 for 1.0430; exit above 1.0850
· NZDUSD: Reversed long (from .8256) to short at .8400; target is .8050; exit .8500
· USDCAD: Short through 1.0049 for .9805; exit 1.0085
Click here to read the full report: FX Daily Majors
Credit Suisse
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