The US$ printed a bullish-reversal daily candle but remains range-bound for the time being. This has kept a number of FX pairs choppy, and on declining momentum, near key S/R levels. No such hesitation on US stocks though as the S&P500 and NASDAQ continued their march to new all time Highs.

Data: watch today with AUD GDP, US ADP NFP and a BoE Gov Bailey speech.

Earnings:

DXY daily: note the bullish-reversal Hammer candle so FX traders should be careful in case the US$ attempts a relief rally!

Trend line breakouts:

EUR/USD 4hr: this TL b/o move gave up to 100 pips before stalling at 1.20 so watch this for any new make or break. Note the revised trend lines in the second chart:

GBP/USD 4hr: this TL b/o move also gave up to 100 pips before stalling at 1.35 so watch this for any new make or break.

S&P500 4hr: this TL b/o move above 3,500 has given up to 30 points:

Gold 4hr: this has tested the 61.8% fib but watch $2,000 for any new make or break.

Other markets:

ASX-200 4hr: watch revised trend lines and 6,000 S/R for any new breakout:

AUD/USD 4hr: this has stalled at 0.74 so watch this for any new make or break.

AUD/JPY 4hr: this has stalled at 78 so watch this for any new make or break.

NZD/USD 4hr: this has stalled under 0.68 so watch this for any new make or break.

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

GBP/JPY 4hr: this has stalled at the 40-yr bear trend line so watch this for any new make or break.