Equities are pushing down this morning, but coming up to a support level that was prior resistance — and appears to be stalling a bit at that area. I’ll lean risk-off this morning.
USD – N – This had a pretty sizable drop this morning, and while it’s currently rallying back up to the resistance area before it dropped. Even if this were to continue to push up through this level, I don’t think it’ll do so far enough to make the trade worth it — it’s already moved so far. I’ll give this a break for this morning, and maybe revisit later. Maybe as I’m watching the JPY comparison chart
CAD – N – This is pushing down a good amount today, and looking at the 1h chart, it’s sitting right at a pretty major support (of it’s current base)/resistance (of the previous base) level. Price is still a bit above what I’d consider the breakout point, and based on how it’s been moving, it’ll probably stall here, so I’ll hold off
EUR – N – This spiked hard this morning and already looks extended. It’s reached a resistance level that was support a couple of days ago, before this broke the range and pushed lower. This is up a lot for it to be a bear rally, but it hasn’t retested to suggest a reversal, so I’ll hold off for now
GBP – L/N – This is still breaking strongly higher. We’ll see if I can catch anything today
JPY – N – This looks like it’s trying to push up a bit, but it’s not doing so meaningfully. I don’t see this moving a whole lot, so I’ll hold off
AUD – N – This is on a pretty sizable drop this morning, but it’s not breaking any levels so I don’t think this is a reversal. Not yet anyway — equities have looked steadily weaker, and maybe we’re getting close to that rollover, but it’s not something I want to play today so I’ll hold off
NZD – N – This has been in a fairly tight range over the last roughly 8 days, and doesn’t look like it’s threatening to break in either direction. I’ll hold off here
CHF – N – This is up a little bit today, but already stalling out at some prior resistance. Again, it’s up too far for me to look to short, but it’s not up enough for me to consider this a reversal, so I’ll hold off