USD Trading Program: 06/17/2013
I remain long USDCHF and USDJPY from Thursday night.
For USDCHF, I'd like to see a move into .9290-.9333 and pullback from there in order to add to the position for continuation towards .9400 +.
For USDJPY, a close above 96.00 would make me feel better about continuation towards 97.00/50 and maybe even 98.75 (half the move down).
On the watchlist:
EURAUD short - looking to short a recovery into 1.4050-1.4100
AUDJPY long - above 92.54 would complete an inverse head and shoulders pattern (began on 6/11). The objective would be 96.15 (measured).
Follow me on Twitter @JamieSaettele
Email List (Technicals sent in PDF form once a day)
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.
