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USDCAD TECHS

Fresh Lows Below 1.2062

AUDUSD TECHS

Extends This Week's Gains

JGB TECHS

(M1) Consolidating

EURJPY TECHS

Upside Extension Within Its Channel

US TSYS SUMMARY

Narrow Range Ahead April FOMC Minutes

DOLLAR
DOLLAR: A quiet session overnight has seen volumes remain light with FX major
currency pairs tied to narrow range trade. The early risk-off tone was faded
with the dollar registering modest gains against GBP and losses via NOK & SEK at
the European crossover.
- The DXY remains in consolidation mode with trade largely held to 97.35-45.
Topside focus remains on last week's high at 97.71, a break opens the Jun 20
2017 high at 97.87, expect protection behind on approach to the 98 level (97.98
- 61.8% 103.82-88.54). While a downside break of 97 brings the 50% retracement
of 95.82-97.71 & 100-dma back into view at 96.77/55.
- Gold recoveries have so far failed to build above $1300, the 55-dma provides
the first layer of resistance at $1300.56, above here opens a move towards
$1304.15 which represnts the 50% retracement of $1327.35-1280.94.
- WTI and Brent both sit around $0.30 higher than settlement at typing.
- US Retail Sales the main highlight today at 1230GMT, forecasts are expected to
rebound strongly after a dip in January following the government shutdown.