It’s been a rather quiet start to the week with most chart patterns posted on the weekend remaining intact ahead of this week’s keenly awaited FOMC update. The AUD and NZD look a bit perky as I type though so they’re worth keeping an eye on.
AUD/USD 4hr: The 0.755 S/R level has been broken so now watch the 4 1/2 year bear trend line that’s just above current price:
NZD/USD 4hr: the 3-year bear trend line has been broken here and 0.72 has been too.
Oil 4hr: watch the descending wedge trend lines here too:
Other FX: chart patterns as per my w/e analysis.
NASDAQ-100 4hr: this chart bears special mention though as I’m keeping an eye on the 4hr chart’s 8-month support trend line here for any make or break activity. Any break would bring the 61.8% fib into focus for me: