Aug.17. Notes

AUDNZD August range is 330 pips. I will be a buyer at 1.25 and seller @ 1.265 with 2:1 risk ratio.

EURCHF:
After sharp Asian session correction swiss is floating at 200 day average line (EURCHF) at the beginning of euro-trading. After entering short at 1.1271 got stopped out at break-even. I am sitting on a sideline for now since there is not clear direction. Will see what US opening will make...Area of next "short" interest is 1.136.

Loonie:
Inability to break a triangle resistance line exposes 0.97 200 EMA line as potential support. RSI (240 min chart) is showing no divergence from parity point that leaves a risk open for another leg up to parity test.

RSI (60 min chart) provides a clue about recent move downwards from 1.00 where divergence was clearly shown:

Update (13:15 GMT): Entered long @ 0.9783 with stop 0.9743, target 0.995.
Update (14:43 GMT): Stopped at break-even

GBPUSD (13:15 GMT)
Entered short at 1.6512 spike - divergence on 60 min chart. Very tight stop just above day high:

Update (14:35 GMT): Stopped at break-even, next short attempt will be @ 1.6545 (if hit) from July high. After that there is no significant resistance point until 1.67 area that is May high...
Update (14:50 GMT): New short hit and already in -20 pip. Stop has to be above 1.66 given market conditions...
Update (16:45 GMT): Closed short just above BE, before it turned back to 1.6565! It looks that there are still too many people short cable (as David Rodriguez noted that on DailyFX last night)!
Update (17:20 GMT): Closed day with 8 trades, 4 over 5 pips in plus and 4 BE translating into +125 pips.