Today’s highlights:
EUR/USD: Bullish “outside” Thursday through 50% retrace barrier (1.4456) aims at 1.4572 today, with overshoot risk to 1.4735 into early June
USD/JPY: Further support probes, but a resilient consolidation theme pervades with 80.34/16 support intact. Threat into next week remains up to the 200-DMA (82.58)
AUD/USD: Resilient above the 55-DMA as support (1.0558) aims up to 1.0795 on the way to 1.0890/91 chart/78.6% retracement targets
USD/CAD: Resilient tone leaves risk through .9818 recovery peak after defence of the .9660/40 support area. Above here aims for .9862 retrace on way to 200-DMA, .9960
Today’s trades:
EUR/USD: Long at 1.4405 for 1.4570; stop 1.4307
USD/JPY: Long from 81.08 for 84.00; exit 80.08
GBP/USD: Long entered at 1.6316 for 1.6536; exit 1.6264
USD/CHF: Flat; sell rebound to .8540 for .8250; exit .8670
AUD/USD: Flat, re-enter long at 1.0550 for 1.0885; exit 1.0438
NZD/USD: Long at .8156 for .8390; exit .8048
USD/CAD: Long from .9712 for .9975; exit .9624
Credit Suisse
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