Looking for some short-term opportunities in the crosses
The economic calendar will stay light for the next few sessions so we will rely on intraday sentiment/positional swings for some volatility.
- USD/JPY has found a resistance level at 108.30;
- Oil prices slipped again overnight which will put pressure on pairs like CAD/JPY;
- CAD/JPY support/resistance levels at 95.10/96.00 intraday and might be worth trading with a bearish bias if you think oil will slide further during Asia;
- AUD/USD has been capped again by .8820/30 so AUD/JPY might also be worth some bearish consideration.