Candlestick Daily: Quiet Start to Week as USD/JPY Nears 100.00

CURRENCY CURRENT BIAS POTENTIAL STRATEGY
EUR/USD (Short Term)
Ticking higher from key support at 1.3000, resistance looms at 1.3100 and 1.3131
GBP/USD (Short Term)
Treading water around 1.5200 as traders wait for volatility to pick up. See full report for more details
USD/JPY (Short Term)
Continuing to grind higher toward key psychological resistance at 100.00 – looking to buy dips later this week.
USD/CHF (Short Term)
Treading water in the mid-.9400s as traders wait for a catalyst before trading. See full report for more details
USD/CAD (Short Term)
Holding above 1.0500 after bullish candlestick development, still favoring a rally to 1.0600 later this week. See full report for more details
AUD/USD (Short Term)
Recovering after testing .9100 support earlier today, upcoming RBA meeting likely to lead to volatility. See full report for more details
NZD/USD (Short Term)
Also rangebound, watching support at .7700 and resistance in the mid-.7800s

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