DXY
The greenback is looking as though it might invalidate the bullish wyckoff pattern. But we’re not out of the picture yet – expect short-term downside but be open to the possibility of longer-term upside (fundamentals-dependent).
AUDUSD
AUD seems to be holding the 0.728 mark so we’ve adjusted the trendline appropriately. However, this isn’t a definitely top to the move so will be observing early-week trading for guidance.
EURUSD
Looking good to the top of the range around 1.19.
GBPUSD
The sterling is showing signs of slowing. We definitely favor EURUSD over GBPUSD at this stage.
USDCAD
Looking very bullish at this stage. A good entry for a long would be on a retracement to 1.3640.
USDCHF
Whilst we made a small break to the downside, we’re missing the volume. Keep on the watchlist for now.
NZDUSD
The Kiwi has reached the top of the range so we’re expecting sideways action for now.
USDJPY
USDJPY shorts are struggling to hold momentum following the BoJ intervention. Definitely one to keep on the watchlist, but no trade for now.
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