Russia probe and tax plan uncertainty is dominating the markets and has the USD trading defensively. USD is at risk for knee-jerk risk on/off reactions to political headlines. USD typically benefits from a "Santa Claus" rally into the year end. looking to buy USD dips. Risk aversion will support JPY and EUR strength if political uncertainty continues to dominate the upcoming week. JPY speculative shorts at level not since Dec 2013 could also support a JPY short squeeze.
USDCAD
Buy: 1.2730-1.2700
Stop: Below 1.27
T1: 1.2820
T2: 1.2870
EURJPY
Buy: 131.80-131.50
Stop: Below 131.50
T1: 132.50
T2: 133.20
AUDUSD
Sell: .7580-.7600
Stop: Above .7600
T1: .7500
T2: .7450
USDCAD
Sell: 1.2870-1.29
Stop: Above 1.29
T1: 1.28
T2: 1.2750