The US$ is shaping up to print another indecision-style weekly candle with a small real body. If you’ve been struggling to find some decent FX moves then this might be why. The USD-based FX pairs have moved little this week and, with the US holiday on Friday, there might not be much more to come for this week. Next week brings USD CPI and Retail Sales so maybe this, or Trump Asia Tour news, might get the US$ moving. Until then, keep an eye on the Cross pairs, especially the NZD pairs following the RBNZ rate update.
USDX weekly: another indecision candle looks to be looming:
EURX weekly: the Bull Flag is still an option here for now:
Forex: with little US$ movement then keep an eye on the FX Cross pairs. A couple are shown below:
EUR/NZD: watch for any continuation here:
E/N 15 min:
GBP/NZD 4hr: watch the 4hr chart’s triangle trend lines for any new breakout:
XJO weekly: this remains my area of interest at the moment.