The Dollar index has endured last week despite the negative sentiment and did not break weekly support (Cloud). I expect the Dollar index to pick up strength this week and make a strong bounce.
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The Euro has broken the triangle pattern downwards and we are watching closely in case this was a fake breakdown. If this breakdown is confirmed, expect the price to move back towards weekly Kumo at 1.1065.
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The Pound has reached important short-term support at the 38% Fibonacci retracement. This is also a horizontal support of previous highs. Cloud support can also be found at 1.2650 if we fail to hold above 1.2770.
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AUDUSD could already have started the reversal. We need a break above 0.7515 and to hold 0.7325.
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NZDUSD has given the bullish signal once the red downward sloping TL was broken. 0.7155 could be reached if price breaks out of Kumo.
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USDCAD at 61.8% Fibonacci retracement showing reversal signs. 1.35 key short-term resistance if broken confirms reversal.
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USDJPY still holding the 61.8% Fibonacci retracement but no impulsive move higher. 111.65-111.75 important short-term resistance. If taken out we could see above 112 again.
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