Four FX charts: USD weak but not yet breaking, AUDJPY and NOK.
The US dollar is on the defensive but has yet to break lower across the board. Today we look at a two USD charts of interest and have a look at interesting crosses elsewhere, including one of the traditional risk appetite proxies, AUDJPY. Elsewhere, EURNOK remains in technical limbo and is likely to set to break one way or another soon.
FX Breakout Monitor: USD breaking down, GBPUSD leads
The currency market is showing a bit more of a pulse lately and the salient thing to note over the last few sessions is that the USD has remained on the weak side over both positive and negative trade deal headlines, with the weak ADP payrolls perhaps adding some pressure ahead of important data through the end of this week.