The US$ is higher ahead of today’s Fed Meeting Minutes and this has triggered some sharp reversal moves across Forex pairs. Key horizontal levels are back in focus for some pairs and I will be revising chart patterns, if necessary, after the Fed Meeting Minutes are digested.

Data:

DXY weekly: trading up in the resistance of the weekly Cloud BUT above the daily and 4hr Cloud. Momentum is trending down here so….clear as mud!

Trend line breakouts:

Gold 4hr: this gave up to $40 before reversing. Watch the $1,800 for any new make or break:

AUD/USD 4hr: this gave up to 70 pips before reversing. Watch 0.75 for any new make or break:

GBP/USD 4hr: this gave up to 70 pips before reversing. Watch 1.38 for any new make or break:

NZD/USD 4hr: this also gave up to 70 pips before reversing. Watch 0.70 for any new make or break:

GBP/JPY 4hr: a sharp b/o move for 95 pips:

Other markets:

S&P500 4hr: watch for any Bull Flag activity:

ASX-200 4hr: messy!

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

AUD/JPY 4hr: sharp moves here and so I have already revised the trend lines so watch for any new TL b/o:

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