DXY
After some thorough analysis, we still can’t bring ourselves to believe that the bullish case for USD is out of the picture yet. There’s been a few headlines jumping around between US/Iran, but not enough to scream “go long USD”. Looking at the chart, the long-term Wyckoff still hasn’t been invalidated, but shorter-term analysis is pointing to further downside. So very hard to build a conviction at this stage.
AUDUSD
The Aussie is looking bullish, however, it still hasn’t closed above the 100% FTE of the larger move. So neutral for now, but look for a close above 0.722.
EURUSD
Looking bullish this week – look for a re-test of the range highs.
GBPUSD
Similar story for GBPUSD – but less in it.
USDCAD
Looking bearish, but wait for a closed below the trendline. If so, look for next support around 1.33.
USDCHF
Similar story on USDCHF – look for a close below the short-term trendline before going short.
NZDUSD
Potential to reach range highs, but fundamentally one of the weaker projections so proceed with caution.
USDJPY
BoJ finally intervened, look for shorts below the trendline support. But keep an eye on the headlines – this one feels different.
Disclaimer
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