Equities are up a bit today, stalling around the level of the all-time highs right now. It’s still a little below, though, and looking at futures, it doesn’t really look like they’re going to break out. I think regardless, I’m going to take the baskets at face value this morning.
USD – N – This made another push upward this morning, but as of now it looks like a false breakout as price is down pretty significantly on the day. It’s now stalled at the support level that was resistance during the base, so maybe it’s retesting, but I don’t think so. I’ll leave this alone for now
CAD – L/N – This regained some strength and pushed up pretty strongly this morning. Looking at the hourly chart, though, it does look extended, but I’ll take a look at individual charts to be safe
EUR – N – This pushed down a good amount this morning, technically breaking the lows of the base it’s been in for the last couple of days. That said, it did stall at the same area it stalled a couple of weeks ago and rallied. This has seen a lot of whiplash, and it only wicked down. I don’t think this is actually going to drop so I’ll hold off
GBP – N – This is pushing up again today but it’s already stalling at some resistance from last week (just before a fake-out). Even if this does push up and break this resistance level again, the highs from the spike aren’t that far away. I’ll leave this alone for today
JPY – S/N – This pushed down again this morning and no longer looks like it’s prepared to push to the upside. It’s down strong, and stalling at some support from a couple of weeks ago, but not sure how much further it can push. It’s still not at the lows, so maybe a bit. I suppose I’ll take a look at it to the downside and hope I didn’t miss the move
AUD – N – This is still ranging, and within the range isn’t showing signs of much conviction in either direction right now. I don’t love this so I’ll hold off for today
NZD – N – This pushed up again this morning, taking out the highs from yesterday (barely) but then quickly dropping back to some support. The drop looks large after a few small up-candles, so that gives me pause, but it could be a pullback. It’s pretty deep, though.. I think I’ll leave this alone for now. I’d like to say that I’ll keep my eye on it or something, but who are we kidding?
CHF – N – Still in the range, doesn’t look like it’s really going anywhere