USD – N – This started out weak yesterday morning, but ended up rallying by the end of the day. Today, it pushed up a bit more, but has since dropped and is down a bit. It’s sitting on some support, but It’s more recent resistance — but there is support at this level if we go back to last year. There appears to be a lot of levels not too far outside of today’s lows, so there’s a lot of places this could stall out. I think I’m going to hold off here for today
CAD – L/N – This continued to be strong yesterday, and while it’s pushed up a good amount so far today, price is currently sitting roughly in the middle of the candle, right at yesterday’s highs. This look like it has some strength behind it, so I’m bullish, but I’m a bit hesitant because it’s back in the area where there was a lot of whipsawing, so I could see a lot of different areas this could stall at. I’ll take a look at individual charts, though, to see what they look like
EUR – N – This is up a good amount today, but it’s still within the range and actually got near the top of it today, but has since pulled back. I’ll hold off ’til either A) Short this from the top of it’s range tomorrow or B) it breaks out of it’s range
GBP – N – This is down again today and took out yesterday’s lows, but that’s all, and it’s still well within it’s range. I’ll hold off for now
JPY – S – This did push down yesterday, and it took out that support level from 7/23, and is now sitting on some support from February. This looks like it has a good amount of potential to me, so I’ll look to short it
AUD – N – This is up a little, but stalled at some resistance — but the way this has been moving, there’s a lot of resistance (and support, for that matter) within the range it’s currently in — and it’s still fully within the range it’s been in since late July. I’ll hold off on this again
NZD – N – This is tough because it looks really weak, and pushed through some pretty major levels of support this morning, but has since rallied back to the support level. I thought that maybe I could look to short this just back to the day’s lows, but I don’t actually have a strategy for that trade. Maybe I’ll glance at an NZD individual chart, but I don’t love it, actually
CHF – N – This is up strong today, but it’s right at the top of the range it’s been in since late July — it’s stalled out at that resistance level, and it doesn’t look so strong that it looks poised to break out. I’d play this on a break out or tomorrow on a short to the bottom of the range, but here, I think I want to wait to see what it does