There was a risk-off shift last session that started early with the commodity currencies moving lower during the Asian session. The US$ and Yen are stronger and Gold is now looking like it is going to head lower. Stocks are a bit lower BUT the NASDAQ is still within the Flag and the S&P500 is still above the 12-month support trend line; 10-yr yields are lower which might be helping stocks out a bit.
NB: I am away with family on a 2-week holiday until Tuesday 30th March and I may not update much over the next few days. This is holiday that had been postponed due to Covid restrictions. Weekday updates will be brief and few during this period but I will endeavour to publish a full weekend update.
NZD/USD 15 min: right out of the gate at the start of the Asian session: note the slide with the Kiwi on this 15 min chart:
Data: lots on today:
DXY daily: higher and note the Flag b/o:
NASDAQ daily: lower BUT watch for any Flag TL b/o:
TNX daily: Yields are a bit lower but watch for any reaction at the TL:
Trend line breakouts:
EUR/USD 4hr: a small TL b/o so watch for any push to 1.18:
AUD/USD 4hr: a TL b/o for 60 pips so watch for any push to 0.76:
AUD/JPY 4hr: a TL b/o for 80 pips so watch for any push to 82:
NZD/USD 4hr: a TL b/o for 120 pips so watch for any push below 0.70:
GBP/USD 4hr: a TL b/o for 70 pips so watch for any push to 1.37:
GBP/JPY 4hr: a TL b/o for 70 pips so watch for any push to 149:
Gold 4hr: watch for any push down to $1,700:
Other markets:
S&P500 4hr: lower BUT watch for any new TL b/o at the 12-month support TL:
ASX-200 4hr: watch for any new TL b/o:
USD/JPY 4hr: holding steady as both the Yen and US$ strengthen BUT watch for any new TL b/o:
