Trade ideas updated
- NZD/JPY: Hopefully you took advantage of the rally to 83.95 yesterday and the short-term target is 81.25. I think this pair is in consolidation so cover shorts on any significant dips and sell rallies now back towards 83.50.
- USD/CAD: Hasn’t reacted to the Fed but still looks like a decent short-term buy ahead of 1.0425 (but I’m usually wrong on the CAD, thanks for reminders yesterday 🙂 )
- EUR/GBP: I remain short and very bearish but support levels should be decent .8275/.8300 so don’t be afraid to cover shorts on big dips and re-instate on rallies.
- Cable: I’m still long and bullish but sell orders yesterday were heavy between 1.6180/1.6200. It’s certainly possible that we could see another dip below 1.5900 if the short-term USD bulls can muster some momentum, but every dip is a must-buy in my very biased opinion.