Good morning all and welcome to the new TC members! We’ve had a few weeks of good moves but I warned on the weekend that Friday’s looming NFP might keep the US$ range-bound. Stocks remained bid on Monday and the NASDAQ closed at a record high: news of Microsoft eyeing Tik Tok seeming to help lift the mood. There hasn’t been a whole lot of change on most of the charts I monitor since my weekend update but keep an eye on the DXY as it edges ever so slightly higher: keep the 4hr Cloud in focus here in the lead up to Friday’s NFP. Today brings the RBA rate update so watch for any impact on AUD pairs.

Data: Watch for any impact from AUD Retail Sales and the RBA rate update.

Earnings:

DXY 4hr: The DXY is a little higher and back testing that major 10-year bear trend line so watch this for any new make or break. Keep an eye on the 4hr Cloud too:

Markets:

S&P500 4hr: the index is back near the recent High of 3,300 so watch this for any new make or break.

Gold 4hr: Gold is consolidating under the $2,000 level so watch this for any new make or break.

AUD/USD 4hr: watch 0.71 S/R today with the RBA rate update for any new make or break.

AUD/JPY 4hr: watch 75 S/R today with the RBA rate update for any new make or break.