US$ weakness continues but the AUD/USD has stalled at major resistance. The ASX-200 is also facing a challenge today to see whether it can close the week above the key 6,000 level. The ECB extended their stimulus by way of the Pandemic Emergency Purchasing Program (PEPP) and this helped, rather counter-intuitively, to boost the EUR/USD. There is NFP to monitor today so watch to see how this impacts the US$ index.

Data: Watch today with US NFP.

Earnings:

DXY daily: trending lower so watch to see how today’s NFP impacts here:

Trend line breakouts:

EUR/USD 4hr: this TL b/o move has extended to 350 pips BUT watch the weekly 200 EMA for any new make or break; especially with today’s NFP:

AUD/USD 4hr: this TL b/o move has stalled at 280 pips BUT watch the 9-11 yr TL for any new make or break; especially with today’s NFP:

AUD/JPY 4hr: this TL b/o move has stalled at 370 pips BUT watch the 75 S/R level for any new make or break; especially with today’s NFP:

ASX-200 4hr: this bounce off TL support is now around 270 points higher BUT watch the 6,000 S/R level for any new make or break:

Other Markets:

S&P500 4hr: watch the 3,100 S/R level for any new make or break; especially with today’s NFP:

Gold 4hr: watch the revised trend lines for any new breakout:

GBP/AUD 4hr: still consolidating: