Today’s highlights:
- USDJPY: Back challenging the 93.39 medium-term trendline and chart support level. A break below here is needed to see further downside risk to 92.15 initially.
- AUDUSD: Emphatic failure circa the 78.6% retracement results in a reversal lower through trendline support, signalling a top, with risk back to 1.0333, then 1.0267.
- USDCHF: Back challenging the recent high of .9568. We expect a continuation above here to our initial target located at .9609
- USDCAD: Market reverts back to key near-term support zone at 1.0141/38. We expect price to hold here and rebound higher for a full recovery back to 1.0343
Today’s trades/positions:
- EURUSD: Buy at 1.2700 targeting 1.2960, stop at 1.2645.
- USDJPY: Long from 94.75 added at 93.75, targeting 99.50, stop/reverse through 93.35 (for 92.16).
- GBPUSD: Short through 1.5140, targeting 1.5045, stop now at 1.5190.
- USDCHF: Long through .9432, target now .9545, stop now at .9470.
- AUDUSD: Sell at 1.0440 targeting 1.0285, stop at 1.0510.
- NZDUSD: Long from .8225, target now .8395, stop/reverse through .8340 (for .8204).
- USDCAD: Buy at 1.0150 targeting 1.0400, stop at 1.0000.
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