1

News and price action align

News and price action aligned today with US stocks trading lower as Dr Fauci warned of 'suffering and death' if the the US opened too soon and US CPI data disappointed. The US$ is back near 100 S/R keeping many FX pairs in range-bound patterns. Watch today to see how the RBNZ update might impact the NZD/USD and for any impact from the Fed Chair Powell speech.

 

Earnings:  a few big names reporting today:

 

DXY 4hr: keep watch for any make or break at the TL and 100 level:

 

Trend line breakouts:

GBP/JPY: this was a sharp drop but there was a 'tradeable' short-term trend line breakout:

GBP/JPY 4hr: a TL b/o for up to 100 pips:

 

GBP/JPY 15 min: watching for a break of the Asian Low would have offered short-term traders an opportunity for a 2 R trade:

 

S&P500 4hr: a new TL b/o so watch the 4hr chart's 200 EMA for any new make or break:

 

ASX-200 4hr: a new TL b/o so watch for any continued weakness:

 

EUR/USD 4hr: note how price recovered off the 20-yr support TL! Watch for any new TL b/o:

 

AUD/USD 4hr: Watch for any new momentum-based TL b/o:

 

AUD/JPY 4hr: Watch for any new momentum-based TL b/o:

 

NZD/USD 4hr: Watch for any new momentum-based TL b/o; especially with today's RBNZ rate update:

 

USD/JPY 4hr: There are revised trend lines to monitor for any new momentum-based TL b/o: