Talking Points:
– Bearish USDOLLAR Setup Remains in Focus Ahead of Final 1Q GDP.
– EUR/USD Breaks Out of Bearish Formation; June Range in Focus.
– AUD/JPY Remains Vulnerable Amid String of Failed Attempts to Close Above 96.00.

Index

Last

High

Low

Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index

10456.69

10459.63

10426.55

0.26

99.28%

USDOLLAR(Ticker: USDollar):
Despite mixed batch of U.S. data, downside targets remain favorable ahead of final 1Q GDP (-1.8%) as price & RSI retain bearish setup.
Next downside level of interest comes in around 10,406, the 1.618% Fib expansion from the August decline.
May (10,370) & October (10,354) remain the bigger figures to watch as USDOLLAR remains at risk for lower-lows.

EUR/USD:
Monthly range in focus as pair threatens downward trending channel.
Former support around 1.3670-80 (61.8% retracement) may act as new resistance.
Failure to carve fresh monthly highs/lows to highlight range-bound prices ahead of European Central Bank’s (ECB) July 3 meeting.

AUD/JPY
Continues to mark string of failed attempts to close above 96.00.
Downside targets in focus as bearish RSI momentum continues to take shape.
Former resistance around 95.10-20 (61.8% retracement & 50.0% expansion) seen as interim support.

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USDOLLAR Daily

Chart – Created Using FXCM Marketscope 2.0
Interim Resistance: 10,602 (38.2 retracement) to 10,615 (78.6 expansion)
Interim Support: 10,354 to 10,375 (50.0 retracement)

Release

GMT

Expected

Actual

Fed’s Charles Plosser Speaks on U.S. Economy, Monetary Policy

12:05

House Price Index (MoM) (APR)