The US$ has edged higher to start this shortened trading week but, apart from a dip with Gold, there hasn’t been a whole lot of change to the chart ideas issued in my weekend update. The weekly wedges are still intact of the EUR/USD, AUD/USD, NZD/USD and GBP/USD.
Data: no high impact data today:
DXY weekly: the index is higher to start the week. Watch for any push to test the previously broken 10-yr trend line:
DXY daily: bullish for Monday:
Trend line breakouts:
Gold 4hr: weaker with the stronger US$ so watch $1,700 for any new make or break:
Other markets:
S&P500 4hr: watch for any new b/o:
ASX-200 4hr: ditto:
EUR/USD 4hr: the over-all wedge is unchanged although the smaller triangle has been adjusted. Similar adjustments apply to the Aussie, Kiwi and Cable:
Other charts: little changed since w/e update.