Today’s Breakout monitor
The FX Breakout Monitor is a concise PDF overview of all current and recent price breakouts for the short and medium term for major FX pairs and spot silver and gold.
A PDF of today’s Breakout Monitor
Below is a snapshot of the full list of currency pairs we track for the breakout monitor. Ahead of the FOMC meeting later today, we continue to see the US dollar near or at new highs in most USD pairs outside of USDJPY. Especially pivotal over the next couple of sessions are GBPUSD (note that a Bank of England meeting tomorrow with market heavily divided on whether Carney cuts), and EURUSD, where the 1.1000 area represents a major pivot level and the first look at a new 49-day low if we see a close below that level today or in coming days. Elsewhere, note the pattern across EM, where some of the more China- exposed currencies like SGD and THB have been etching new lows versus the US dollar, while AUD is breaking own in recent session versus even the relatively weak EUR.