The Japanese Yen has forced Dollar bulls to defend their dominant uptrend channel once again and they have, but it is looking shakier than it has for a while
The Euro is challenging support at October’s swing bottom after a tepid upswing against the US Dollar was rejected at near-term trend resistance.
Gold is up more than 4% off the October low with the rally testing big technical resistance. These are the targets & invalidation levels that matter for XAU/USD from here.
The DAX is breaking the big-picture H&S neckline, CAC gapped to its worst levels since August of last year; things are turning macro for major Euro-zone indices.
Crude oil prices are pressuring support guiding the rising trend since February as API inventory flow data enters the spotlight. Another build in stockpiles is expected.