A stronger US$ and weaker GBP has helped to trigger some trend line breakouts. Some relative strength across the AUD and NZD helped some cross pairs to deliver moves.
Data: watch today with AUD GDP, US ADP NFP and the BoC rate update.
USDX weekly: the 92.50 has continued to hold so watch for any push higher:
EURX weekly: no follow through here at moment:
Trend line breakouts:
Gold: a trend line breakout but only as far as $1,260 S/R. This move gave a decent 4R TC signal though:
Gold 4hr: the weekly 200 EMA is just below the $1,265 level so watch for any support here:
Gold 15 min: a great 15 min TC signal here for 4R:
EUR/USD 4hr: a small breakout for now but watch the 1.18 now for any new make or break:
EUR/JPY 4hr: a small breakout for now but watch the 133 now for any new make or break:
GBP/AUD 4hr: a breakout for 150 pips but note the revised trend lines:
GBP/NZD 4hr: a breakout for 160 pips but note the revised trend lines:
EUR/AUD: a breakout for just 50 pips to reach, as I had warned about, the major 1.55 level but note the revised trend lines. There was a TC signal here as well for 2R:
EUR/AUD 15 min:
Other Forex: watch the following 4hr chart trend lines for any new breakout: