**Updating this later in the day, as I recorded a video with my thoughts initially**
Equities closed up yesterday (with a slight down-move at the end of the day), and futures were up slightly. That said, they were sitting right near the resistance level that was the all-time high pre-Covid. They didn’t’ look like they were going to move much, so I took the baskets at face value.
USD – N – My sentiment on USD is still overall bullish, as I don’t see a lot of strength in the markets. That said, equities have been slowly pushing higher (still not breaking that resistance level), and USD has been slowly pushing lower/basing. I’m going to continue to hold off for today, but if it breaks support, I might reverse back to bearish. We’ll see how it plays out in the coming days.
CAD – N – This still has a lot of indecision behind it, and is moving slowly. It is pushing higher, but not with much conviction. I still don’t like where CAD is, so I’ll hold off again
EUR – L – EUR is basically basing, but overall has technically been steadily pushing up. It has a nice up-day yesterday, and was pushing up again this morning. There was a bit of room between the highs and the top of the range, so I’ll take a look at individual charts
GBP – S – Yesterday, despite sitting near the top of the range, price didn’t really push much higher. This morning, price is down quite a bit, but is still sitting in the middle of the base it’s been in. If this can push through the day’s lows and head to the bottom of this base, there could be a good amount of pips available
JPY – N – JPY still looks like USD, I don’t have a lot to say here. I’ll hold off
AUD – S – AUD was down for the third day in a row, and with equities looks somewhat strong over the course of the last couple of days, it looked like this had the potential to drop. It’s sitting on top of some support, but it looks about ready to break this initial level, so if it can push through the day’s lows, I could see there being opportunity here
NZD – N – NZD has been basing for the last few days save for one big spike yesterday. After that spike, though, it pushed back down and closed near the lows. Today, price is up a bit,and still within the base. I don’t love this to either side right now, so I’ll hold off
CHF – L – CHF doesn’t look great, but it is up for the second day in a row, it’s pushing above it’s moving averages, and there appears to be a decent amount of room between the day’s highs and the next resistance level. I’ll take a look at this to the long side