This is just a brief chart update ahead of key GBP and EUR rate news. I head OS tomorrow and so updates will be brief and less frequent until mid next week.
TC Signals:
E/U still heading south ahead of ECB news. Up 120 pips now:
Swissie: still up around 90 pips BUT has run into trend line resistance:
U/J: still heading north:
Kiwi: getting down near major 0.77 support:
USD index: this continues to track higher but has not printed a 4 hr close above the 89 just yet:
Other FX:
E/J: no triangle breakout yet:
A/U: weaker and below major support now. This looks like it will head to 0.80 at least:
GBP/USD: still hovering near the 61.8% fib ahead of interest rate news:
GBP/JPY: moving higher still:
Loonie: choppy ahead of tonight’s CAD PMI but there is a lot of high impact CAD and USD data still to come this week:
Silver: not moving too far at the moment:
Gold: ditto here:
The post USD strength still shaping FX moves. appeared first on www.forextell.com.