I am still long the Candian Dollar, the British Pound, the Yen and the New Zealand Dollar.
Here is what I see for each.
The Canadian Dollar is about to start its next up leg and reach my 0.8 target. It completed a small ascending triangle today. I will add more longs tonight.
It looks like I finally caught the British Pound trade.
I got stopped out twice due to volatility. Third time was a charm.
I am still long the Yen.
The fact that it is lingering around my entry point from way back in December tells me this ascending triangle on the weekly chart is not going to play out. Since it is testing the lower boundary of its upward channel I am willing to stick this trade out. I will be very quick to move up my stops to a breakeven point if it rallies from here.
The New Zealand dollar broke out and never looked back. I may exit at the 0.74 level.
