It seems like the main Forex movers have paused following their recent breakout runs and this is not too surprising. I had warned yesterday to watch the DXY for any reaction at the 61.8% fib and this indeed evolved. This pause has, in turn, paused the Forex runs that have been in progress.

NB: the next update will be on Friday 23rd April.

Data: Watch today with AUD Retail Sales and the BoC rate update:

Earnings:

DXY daily: I mentioned yesterday to watch for any pause at the 61.8% fib and it seems that is what we got. Watch this region for any new make or break:

S&P500 4hr: lower but on low momentum:

ASX-200 4hr: back below 7,000 so watch for any support from the congested 61.8% fib region:

Gold 4hr: paused near $1,770 so watch this for any new make or break:

EUR/USD 4hr: paused at the 61.8% fib so watch this for any new make or break:

AUD/USD 4hr: paused above 0.77 so watch this for any new make or break:

GBP/USD 4hr: paused under 1.40 so watch this for any new make or break:

NZD/USD 4hr: paused under 0.72 so watch this for any new make or break:

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

GBP/JPY 4hr: gave up to 200 pips before reversing at the 61.8% fib!