Early New York trading saw the dollar break higher either towards, or through, summer resistance, depending on which pair you are looking at. USD/CHF has been above summer resistance for sometime, as EUR/USD holds 35 points above it. Relatively speaking, it's better to be short swissy than euros against dollars.

I'm playing a little .618 projected pullback compared to the previous pullback heading into the New York close. I'm long into the .618 projection with stops just below and will look to book the majority of any profits heading into the close.

Todd Gordon is a Technical Currency Strategist and Fund Trader with GAIN Capital Group.

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