The US$ march higher continues and this is keeping pressure on many Forex pairs. Caution is needed here, though, as there are a number of 4hr chart bullish-reversal wedges taking shape so traders should keep an open mind for some potential mean reversion, even if only temporary. Thursday is Thanksgiving and so, with the markets being quiet, there won’t be an update on Friday.

Data:

DXY:

DXY weekly: watch for any push to the 61.8% fib:

DXY daily: higher on the day and now above the 50% fib:

Trend line breakouts:

USD/JPY 4hr: this TL b/o is now at 110 pips:

Other charts:

S&P500 4hr: watch 4,700 for any new make or break:

ASX-200 4hr: watch 7,400 for any new make or break:

Gold 4hr: watch for any new TL b/o:

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

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

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

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

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

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