Not much follow through despite oil below $70

Majors are little changed since yesterday. GBPUSD broke to a new low 6152 but retraced a bit. JPY crosses are slightly down but failed to create lower lows compared to yesterday. Surprisingly, even USDCAD has not moved much since yesterday despite oil plunging below psychologically important $70 figure.
US news brought preliminary GDP figures coming at -1% (still better than expected -1.4%). Important unemployment claims edged up higher to 570K from last week's 562K.

10, 20 and 30 ema's are nicely stacked for a bullish move in USDCHF. Place a buy stop above yesterday's high 1.0713. Should the market decide that higher prices are warranted the order will fill you in. Or you can buy a test of 20 hour ema around 0680 with stop below 1.0660

Similar strategy could be used for USDCAD. Buy a break above 1.10 - should this level give way 1.11 is next. However, take profit there as strong resistance from previous highs may stall the up move.

Good trades