Equities today, so far, haven’t moved much, but are up slightly on the day. I think I’m just going to take the baskets at face value.
USD – N – This isn’t moving much at all, and is, really, basing. I could maybe try a breakout here, but I’d really want it to break out of yesterday’s highs. I think I’m going to leave this alone, at least for this morning
CAD – N – This is also still within the base it’s been in for a while. It is at the top of the base and down a bit today, so I could maybe make the case to short this within the base, but It’s already pulled back fairly significantly from today’s lows. I’ll check in on this later today
EUR – L – This pushed up again today and made a new high, but it has since pulled back to a fairly weak resistance/support level. If this can push back up again, I like this long
Today’s Pairs
EUR/GBP – Long
GBP/CHF – Short
GBP – S – This pushed to a new low today and has pulled back to some support, which isn’t super strong. I think I like this to the downside today
JPY – N – This is basing, too, and is pretty far off of today’s highs, which still aren’t as high as yesterday’s. I’ll hold off on this
AUD – N – This is down a bit today, and is fully basing right now. I’ll wait until this breaks the base, which probably won’t happen until next week at this point
NZD – N – This is down, and looks weak, but there’s some pretty strong support right near today’s lows, and slightly below that is another level of support. It’s too close to the bottom of it’s range for me to be comfortable shorting this right now. I’ll check later to see if it pushes far enough down to break these levels, but I don’t see that actually happening
CHF – L – Similar to EUR, still. I don’t see as much up-side potential as EUR, but I’ll still take a look at this