Today’s highlights:
- NZDUSD: Aggressive breakout higher results in the market advancing up to the chart resistance hurdle of .8350. We look for continuation in upside through here to .8418.
- USDCAD: Sharp doji reversal from 1.0199 support yesterday reinforces the bullish bias and keeps the focus initially on the recent high of 1.0343, and then 1.0448.
- USDJPY: Focus remains back on the recent resistance high of 96.71. Above here is required in order to target 99.86/100.00.
- GBPUSD: Neckline break now targets 1.5252 medium-term trendline resistance. Through here is expect to allow for an extension higher to the 1.5423 38.2% retracement.
Today’s trades/positions:
- EURUSD: Short from 1.2890 targeting 1.2700, stop/reverse now through 1.2977 (for 1.3300).
- USDJPY: Long from 94.75 add at 93.75, targeting 99.50, stop now at 93.00.
- GBPUSD: Long through 1.5195 target now 1.5420, stop at 1.5020.
- USDCHF: Long from .9432, for .9750, stop/reverse now .9432 (for .9325).
- AUDUSD: Long through 1.0377, for 1.0495, stop/reverse now 1.0362.
- NZDUSD: Long from .8225, target now .8405, stop now .8225.
- USDCAD: Long through 1.0255, for 1.0400, stop now at 1.0195.
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