The markets seem to have forgotten Brexit and we’ve seen risk-on movement back across markets. Whether this is stained after the end of month, quarter and half-year trade on Thursday remains to be seen though. The AUD and NZD cross pairs that I wrote about yesterday continue to chop sideways.
NB: I am busy with a family wedding from Friday to Sunday inclusive. There is the 4th July holiday in the US on Monday and so any further updates until next Tuesday will be brief.
USDX daily: this has pulled back to test the 95.50 S/R region and a hold above this level would support bullish continuation. However, any new close and hold back below 95.50 would be rather bearish.
S&P500 weekly: still chopping sideways within a Flag and with little ADX momentum:
Gold 4hr: hovering above the $1,300 S/R level but note the absence of momentum:
EUR/USD daily: this continues with the bounce up from 61.8% fib support but note the absence of momentum here too on the daily chart. Note also the Bollinger bands clamping down on the 4hr chart:
EUR/JPY: watch where this closes after Thursday as the 115 is major S/R. A close above this would be bullish and support a potential bounce:
AUD/USD: watch the 0.74 level and daily chart triangle trend lines:
GBP/USD: watch the 1.35 level as this is major S/R being the GFC Low. A close and hold above this level for June would be bullish and support a potential Double Bottom. Note the Bollinger bands clamping down on the 4hr chart!
USD/JPY: watch to see where the monthly candle closes with respect to the 101.50 level. A close and hold above this would support my bullish-reversal Inverse H&S:
USD/CAD: the 1.30 remains a key level here. Watch to see where the monthly candle closes:
EUR/AUD 4hr: chopping sideways still for now:
EUR/NZD 4hr: chopping sideways still for now as well:
GBP/AUD 4hr: chopping sideways still for now here too. Note the Bollinger bands clamping down!
GBP/NZD4hr: chopping sideways still for now. Note the Bollinger bands clamping down here too: