It is of little surprise that it has been a relatively slow start to the trading week given the US 4ht July holiday Monday. Today is RBA rate update day so watch for any impact on the $AUD and XJO.

Data:

DXY weekly: indecision given the Monday US holiday:

Trend line breakouts:

SPX 4hr: edging higher:

Gold 4hr: this wedge b/o is little changed:

AUD/USD 4hr: a small shift to the upside for 20 pips BUT caution is needed with today’s RBA rate update:

GBP/USD 4hr: a small shift to the upside for 30 pips:

NZD/USD 4hr: a small shift to the upside starting here:

Other Markets:

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

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

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

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

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