Equities were up slightly yesterday, and futures are up for the second day in a row. That said, they’re making lower highs and the highs aren’t pushing much out of support. Looks like it could be a mini rally or a base, but time will tell. I’ll take the baskets at face value again today.
USD – S/N – This pushed through that level of support this morning and has since rallied a bit. I’ll take a look at individual charts to see if there’s opportunity there
CAD – N – This isn’t moving much and still within that range. It’s also sitting right on top of some pretty strong support. I’ll hold off here for probably the foreseeable future
Today’s Pairs
AUD/USD – Long
NZD/USD – Long
EUR – N – This barely moved yesterday, and it’s down today and just took out the lows from yesterday. It’s sitting on a pretty major support level, there, too, so I’m going to leave this alone
GBP – N – This appears to be mostly basing now after the big drops last week. I don’t love it to either direction right now, but this could be a good one to either direction once it breaks to one
JPY – N – This might be steadily pushing up, or it might be basing. It’s hard to tell as there’s not much conviction behind price currently, but it did make a slightly new high. I think I’m going to leave this alone until it gets some momentum behind it.
AUD – L/N – This pushed up strong today and is pushing through one level of resistance. The next level doesn’t appear to be terribly far away, which is unfortunate, but I’ll take a look at individual charts to see if it’s the case everywhere
NZD – L/N – This is a tough one. It pushed to new highs this morning, but is now sitting close to it’s open. It’s also currently at a resistance area that it pushed through one already today. There appears to be a lot of resistance areas, which gives me pause and the target doesn’t look to be that far away, but this did push through a good amount of resistance, so I’ll give an individual chart a look, I just won’t chase
CHF – N – This is down slightly for the second day in a row, and still sitting on that level of support. I’ll keep my eye on this, but I might have to wait another day before this becomes viable