The US$ was lower after the FOMC update and the Fed commitment to continue support as traders now wait for a decision about US Covid relief. Many instruments are little changed and hovering near key levels but Bitcoin seems to be bucking the trend with a continuation move after the recent breakout from the Bull Flag. The GBP/USD and GBP/JPY are butting up against major resistance ahead of today’s BoE rate update.

 

Data: Watch today with AUD Employment data and the BoE and SNB rate updates:

 

Earnings:

 

DXY daily: still within a descending wedge but I’m wondering if this might be one wedge that might fail?

 

Trend line breakouts:

BTC/USD daily: this Bull Flag b/o is underway and remember the Flag pole here is worth around $9,000!

BTC/USD daily: pre b/o

 

BTC/USD daily: up $2,500 thus far:

 

Gold 4hr: watch the $1,865 level for any new make or break:

 

Other Markets:

S&P500 4hr: watch 3,700 and for any new momentum-based TL b/o:

 

ASX-200 4hr: watch 6,700 for any new momentum-based b/o:

 

EUR/USD  4hr: watch TL and 1.22 for any new momentum-based b/o; especially with today’s SNB rate update:

 

AUD/USD  4hr: watch TL and 1.22 for any new momentum-based b/o; especially with today’s AUD Employment data:

 

AUD/JPY  4hr: watch TL and the weekly 200 EMA for any new momentum-based b/o; especially with today’s AUD Employment data:

 

NZD/USD  4hr: watch TL and 0.71 for any new momentum-based b/o:

 

GBP/USD  4hr: watch TL and 1.35 for any new momentum-based b/o; especially with today’s BoE rate update:

 

USD/JPY  4hr: messy!

 

GBP/JBP 4hr: watch TL and 140 for any new momentum-based b/o; especially with today’s BoE rate update: