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There hasn’t exactly been a shortage of breakouts in recent market history, as these have been rather easy to achieve because trading ranges are so constricted lately. But most of these proved of very poor quality. But fresh breakouts and range expansions are now gaining significant momentum, led by a rather chunky move in the CHF to the downside, a multi-year breakout in USDCHF, and a signs of range expansion, with very key levels under strain in EURUSD and GBPUSD as we discuss below. Breakout signal tracker
We add a long EURSEK, a long USDSEK and a short NZDUSD position on our tracker, even if we are a bit late on jumping aboard the last of these, trading the stronger US dollar against the small G10 currencies and the very weak SEK. Trade may also consider long USDTHB and long USDSGD as additional or alternative ideas.