Equities made the largest up-move yesterday since early July(ish) but again, the risk correlations haven’t really followed. I’ll take the baskets at face value.
USD – N – I’m overall bearish USD, but it’s on a bit of a rally. I’m not shorting it at this position, and I’m not expecting a trend-changing move, so I’ll hold off here
CAD – N – CAD is still in the middle of the support/resistance ranges that it’s been in. I don’t love it to either side, so I’ll hold off
EUR – N – This has steadily made lower highs and lower lows over the course of the last 2 weeks, so this may be returning to the downside. That said, it’s right above some pretty major support, and is up on the day. I think I’m going to leave this alone until it returns to the downside
*Man, looking at EUR, if this were pushing down today, I’d probably say “I’m not playing breakouts, so I’ll hold off”, but this is at the bottom of a range, sitting on some support, and I’m also not looking to take it long to the next level of resistance….. I need to figure that/this out.
GBP – S – I’m going to take a look at this to the short side this morning. On Tuesday, this spiked up out of it’s range pretty strongly, but ended up pulling back and giving back almost all of it’s gains. Since then, price has been down. Today, it’s pushing down, and still a bit above some recent support. I won’t chase, but I’ll see what this looks like on individual charts
JPY – N – This appears to be basing now. I’ll wait until it does something
AUD – N – This has been down for the last 2 days, after breaking out of a long-term range last Friday. It’s broken out before and quickly pulled back and ranged again, so that could be happening here, or it’s just a pullback before pushing up again. I’ll leave this alone and see how it behaves today/Sunday
NZD – N – This has been incredibly strong over the last 6 days — stronger than I ever expected (so, naturally, I didn’t make any money from it). Today, though, price is down a good amount, but still within yesterday’s candle. This looks like it might just be a pause before pushing back up. I’ll leave it alone for today, but maybe look to take it long tomorrow or next week
CHF – N – This started to look like it might have some strength a couple of weeks ago, but over the last 8 or so trading days it’s been down. It pushed back into the range that it was in between mid June and mid July, but today rallying. It’s now stalled at the resistance that was the resistance during that range as well. I don’t see this breaking out strongly and heading back to the top of the area it reached a couple weeks ago, so I’ll hold off. I’ll keep my eye on it, though