Stock markets look likely to maintain their downside pressure in the days ahead so staying short there would seem appropriate, while the currency markets look rather mixed. The US$ is not showing any real direction so is best left alone. The crosses look more interesting and, as we said yesterday, Sterling again looks as though it could outperform. Staying short of the Aud on the crosses, looking to sell rallies in AudJpy, AudNzd and buying dips in GbpAud and EurAud could be a plan.
EurUsd: A range to 1.2300/1.2400 would seem likely today.
UsdChf: Look for a range trade today.something like 0.9470/0.9550
Sell AudUsd @ 0.7760. SL @ 0.7785, TP @ 0.7650
*Trade of the day: 3/20/2018 6:20 AM (AET)
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.