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The focus of the day today is more on a reversal in direction for AUD and JPY rather than new breakouts, as most exchange rates are in continuing trends (especially SEK) or consolidating/reversing.
The AUD has reversed so hard in its price action overnight that it is already breaking lower versus CAD and threatening to do so versus the AUD – stay tuned there. Breakout signal tracker
USDJPY hasn’t approached its stop but it feels in danger given the reversal in JPY crosses elsewhere and the strong rally in US Treasuries – we remove this signal and book a loss of about 30 pips, or about 0.38x the risk taken on the position (P/L as a percentage of size to original stop).
We add the AUDCAD signal at just above 0.9400, using a stop assumption of 0.9485 and set to hold for seven to nine days, depending on how the price action develops.