Equities gapped up this morning, but are still pretty far away from yesterday’s open/high and up against some resistance. Right here, it looks as though it’ll start to base — I’ll take the baskets at face value for the most part this morning.
USD – N – This spiked yesterday, but is down today — following the inverse correlation it has with equities. That said, it pushed to a new high today, and while it did make a down-move, it got stalled out at some support, and has since rallied a bit. I think I’m going to leave this alone for this morning
CAD – N – After pushing through a couple support levels yesterday, this is up a decent amount today. I’m definitely more bearish CAD right here, so I don’t want to take this long, so I’ll hold off on this until next week
EUR – N – This is still in that range and today, while it’s pushed a bit higher and lower so far, it’s sitting right near the open. If anything, I’d try to take this long on the bounce off of support back to the top of the range, but it looks like that move has already happened. I’ll continue to hold off on EUR
GBP – N – This is down a good amount today, but it’s already gotten stuck at some support and rallied a bit. It’s still well within the range it’s been in, as well. I think at this point, I don’t want to touch this
JPY – N – This had a 4 day rally, and dropped pretty significantly today. So far, it’s rallied back from the day’s lows, so I don’t want to take this short at this point. I’ll wait for more confirmation of a return to the downside
AUD – N – This is kind of upside-down USD in that it’s coming off of a long rally, pulled back over the last couple days and is up again today, but still near the bottom of that pullback. I’ll wait until next week for more confirmation of a return to the upside
NZD – N – Same as AUD, plus it’s stuck at some pretty clear resistance
CHF – S/N – This actually looks like it could be an OK short. It rallied over the last few days, and is down again today as a currency of safety (with equities being up a bit), but it’s right at a level of support. If it could push through that level, there could be some pips to be made. I’ll take a look at individual charts, but this is starting to feel like a day where I don’t trade