The US$ has edged higher and the stock melt up continues but there isn’t much momentum across on Forex markets. Some of the chart patterns have been revised but they still reflect potential for some broad-based consolidation.

Data:

DXY weekly: higher again on Wednesday:

Trend line breakouts:

S&P500 4hr: the Bull Flag evolved for 20 points thus far:

Gold 4hr: consolidating around $1,800:

Other markets:

ASX-200 4hr: watch for any push higher out of this broad wedge:

EUR/USD 4hr: low momentum so trend lines revised. Watch for any new TL b/o:

AUD/USD 4hr: declining momentum so trend lines revised. Watch for any new TL b/o:

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

GBP/USD 4hr: declining momentum so trend lines revised. Watch for any new TL b/o:

NZD/USD 4hr: Watch for any new TL b/o:

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

GBP/JPY 4hr: low momentum so trend lines revised. Watch for any new TL b/o: