FX: a ho-hum session.

The US$ is a bit higher to start the week but still trapped under resistance and, so, it’s of no real surprise that most currency pairs remain in the consolidation patterns displayed in my w/e post. The GBP/JPY and GBP/AUD are starting to look more interesting though as the former edges towards a┬áboundary and the latter towards an apex. The Kiwi too as it broke below 0.70 but drifts towards major trend line support.

USDX daily: stranded above 100 but below 102. Note the new daily triangle though…I put this on the Cloud chart. The lack of a clear trend on the US$ is slowing moves on many currency pairs:

Gold 4hr: still within the channel but chopping lower. I’d expect $1,200 might be tested:

Oil daily: keep an eye on this for when the breakout eventually arrives:

GBP/JPY 4hr: wondering if something is going to give here soon? NB: There isn’t any high impact GBP data for Tuesday:

GBP/AUD 4hr: getting squeezed towards the apex. There isn’t any high impact GBP data for Tuesday:

NZD/USD 4hr: watch how price reacts if it reaches the 14-month support trend line:

Others: most are just cruising within their consolidation-style patterns:

EUR/USD 4hr: holding above the daily triangle’s support trend line:

EUR/JPY 4hr: a new, smaller 4hr triangle set within the larger daily Flag:

AUD/USD 4hr: watch for any momentum-based triangle breakout with today’s RBA rate update:

AUD/JPY 4hr: ditto:

GBP/USD 4hr: looks like it might drift down to the daily chart’s support trend line:

USD/JPY 4hr: consolidating under the 4hr trend line:

GBP/NZD 4hr: no real bullish continuation move here just yet:

EUR/AUD 4hr: consolidating after last week’s big move:

EUR/NZD 4hr: ditto here:

USD/CNH 4hr: ditto here too:

USD/MXN 4hr: holding within the channel for now and keep an eye on the 19 level for potential support:

USD/TRY 4hr: conforming to this triangle still for the time being: