• Cable has failed to break above 1.6260 and is threatening to retrace inside its consolidation range (see chart). Short-term cable bears have an obvious strategy to sell rallies above 1.6200 with stops above 1.6275. (Definitely not my side, I’m still long and am happy to buy deep dips).
  • NZD/USD bounced off a 50% retracement level and the 100-dma near .8130 (see chart). Risk-reward would definitely seem to favour the bulls in the short-term.
  • (Maybe some opportunities for the brave in shorting GBP/NZD intraday?).