Went to bed late last night, so I’m getting to work late this morning. Equity markets have opened already, so I’m just going to take the baskets at face value.
USD – S – Equities gapped up and pushed out of a range it’s been in for about 2 weeks, and this has been weak over the last week. This still has weakness behind it, and there’s a good amount of room before the next support level, so I’ll look to short this
CAD – N – I still don’t love the pattern that this is in, so I’ll hold off
Today’s Pairs
AUD/USD – Long
EUR/AUD – Short
AUD/CHF – Long
EUR – S/N – After dropping fairly significantly last Thursday, this is in a bit of a low-base. Today, it has pushed lower than the low, but is currently sitting at the open. I’ll glance at a couple EUR charts, but I won’t chase
GBP – N – This is still basing. I’ll hold off until it moves in one direction or the other
JPY – N – I’d expect weakness from this with strength in equities, but it’s up a decent amount today. Also, it’s still ranging/basing, so I don’t want touch it.
AUD – L – This is up a bit today, but has since pulled back close to it’s open. That level is a pretty strong both resistance and support level, so if it can head back up, (and especially if it can break out of today’s highs) I like this to the upside
NZD – N – This is still ranging. I’m going to continue to hold out on this
CHF – S – This looks like it’s continuing it’s weakness as it’s down today and has made a new low. I’ll see if there’s opportunity to short this