Today’s Trading Plan 07.11.2017 – USDCAD, NZDCHF, NZDUSD

*Good morning/afternoon everyone!*

It continues to be a relatively quiet morning in the foreign exchange market with the U.S. dollar trading higher against most of the major currencies. The two exceptions are GBP, which is lifted by stronger BRC retail sales and the fear that BoE Broadbent who speaks at 8:30 NY /12:30 GMT / 10:30 AEST could be hawkish and AUD which is higher only because of AUD/NZD buying. Investors sold NZD hard last night after reports of a 6.8 earthquake off the coast. A triple top is now in place for NZD/USD which means we could see a deeper slide towards 0.7100.

*The MAIN THEMES I see today are*

+USD
-NZD
+CAD

potentially -GBP

*Trading Biases*
These will change after US data

-EUR, -GBP, -NZD, -AUD, -CHF, -JPY
+USD, +CAD

*Today’s Potential Ideas*

1. Sell USDCAD at market now at 1.2919, Stop at 1.2969, Target 1.2889
2. Sell NZDCHF at market now 0.6988, Stop at 0.7038, Target 0.6958
3. Place Order to Sell NZDUSD at 0.7222, Stop at 0.7272, Target 0.7192

Cancel ALL pending orders by 3:30PM NY / 19:30 GMT / 5:30AM AEST
Close ALL open day trades by 4PM NY / 20 GMT / 6AM AEST

Swing

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