It’s been a fairly quiet start to the FX week with the US$ little changed ahead of today’s US CPI data release. Many of the consolidation patterns posted over the w/e remain intact.
USDX daily: Watch to see if today’s US CPI data gets this moving:
Trend line breakouts and TC signals:
AUD/USD 4hr: still going after last week’s breakout:
AUD/JPY4hr: also still going after last week’s breakout:
Other Forex: watch the following chart patterns for any new momentum-based trend line breakouts:
NZD/USD 4hr: watch today for impact from the NZD Gov Spencer speech:
GBP/USD 4hr: watch for any impact from today’s GBP Annual Budget: