Weekend Video (now available to US viewers): AUDUSD and Dow Clear Resistance Post NFPs, EURUSD Anchored http://t.co/eDfHlafs
We talk about the short-cover potential in EURUSD, but what about the unwinding of this big $AUDUSD long buildup. http://t.co/uHep6hbe
In the meantime, here is the $EURUSD versus the net speculative Euro interest. A lot more room for covering here.. http://t.co/d7P0JHsa
Heres the risk-trend alternative to the cable channel: $AUDUSD blowing through the potential triple top at 1.0750 http://t.co/q4EgQK8n
You cant use rate expectations for the BoE, so here is $GBPUSD versus the UK-US 10yr yield differential. http://t.co/0pq2FBfE
Im excited to see if the COT data today. Remember, the net spec shorts hit a new high last week despite the $EURUSDs advance.
If I had to choose between a dollar rebound with $EURUSD or $USDCHF, I would choose the latter. Cleaner. Has the SNB looking to help.
One of my top picks was a long setup should $AUDUSD break 1.0750, but I"m not comfortable with that at the very end of the week.
Heres the chart of that $GBPUSD channel breaking. Follow through is our concern here. If SPX caves, Im on board. http://t.co/42kP4D9u
...but then we have $EURUSD and USDCHF holding congestion while GBPUSD has tentatively reversed its impressively consistent bull trend.
Alright, intersting mix. The S&P 500 and Dow are above their resistance, $AUDUSD has nudged 1.0750, EURAUD is down sharply...
Last chart of the night for me: a closer look at the $AUDUSD channel. Immediate resist is 1.0750, support 1.0680. http://t.co/ITnYgu5z
Updated the Top Picks with entry orders with $USDCHF and $EURAUD breakout setups.
Hmmmm...looks like $GBPUSD may try to flush entry and stop orders set to close pre-NFP...