There hasn’t been much of a shift from yesterday other than a bit more US$ strength. The Currency Strength Indicator chart shows how the currencies are converging on the 4hr time frame. The ECB rate update is later today so watch to see how this impacts overall market sentiment.

Data:

DXY weekly: still range-bound on low momentum:

CSI 4hr: converging:

Markets:

S&P500 4hr: lower but watch for any new TL b/o:

ASX-200 4hr: lower but watch for any new TL b/o:

Gold 4hr: revised trend lines here:

EUR/USD 4hr: lower but watch TL and 1.18 for any new b/o:

AUD/USD 4hr: lower but watch TL and weekly and 4hr 200 EMAs for any new b/o:

AUD/JPY 4hr: lower but watch TL and 81 for any new b/o:

NZD/USD 4hr: lower but watch TL, 0.71 and 18-month TL for any new b/o:

GBP/USD 4hr: lower but watch 50% Fib for any new b/o:

USD/JPY 4hr: watch TL for any new b/o:

GBP/JPY 4hr: watch TL for any new b/o: