FX: still much the same as per yesterday

There hasn’t been much change since yesterday with FX although the same can’t be said with stocks as US stock Indices continue to print new record highs. Most FX pairs as still hanging around key S/R or Fibonacci levels as traders patiently wait for the outcome of Wednesday’s FOMC Interest rate update.

Gold 4hr: still wedge-bound near major support. Watch the 61.8% fib and $1,170 level for any make or break with FOMC.

TC Signals: two are still open but just going sideways for now. The Cable signal closed off although it didn’t ever break out from the triangle.

A/U 4hr: still going but holding near the 0.75 level. Watch this 0.75 for any make or break with FOMC.

Kiwi 4hr: Also still going but, although it broke free from the triangle, it has been caught under long term S/R from 0.72. Watch the 0.72 for any make or break with FOMC.

GBP/USD 4hr: no triangle breakout here yet. Watch trend lines for any make or break with FOMC.

Other FX:

EUR/USD 4hr: Watch 1.045 for any make or break with FOMC.

EUR/JPY 4hr: Watch trend lines for any make or break with FOMC.

USD/JPY daily: holding near the daily chart’s 61.8% fib. Watch this fib level near 115.50 for any make or break with FOMC.

USD/CAD daily: holding above wedge trend line support and the 1.30 for now. Watch this region for any make or break with FOMC.

 

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