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AUDUSD TECHS

Corrective Pullback

EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Consolidating At Trendline Support

EURGBP TECHS

Support Remains Under Pressure

GBPUSD TECHS

Key Resistance Exposed

EURUSD TECHS

Consolidating

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  • USDMXN again struggled to crack below 19.80 and marginal USD strength has seen the pair trade back into the mid-point of the most recent 19.80-20.00 range.
  • Trade data today:
    • 1200BST/0700ET Mexico March Trade Balance – Estimate 3.49 billion vs 2.68 billion in Feb.
  • News- President AMLO has continued to defend the most recent ruling to extend the Supreme Court Chief Justice's term, reiterating Zaldivar needs more time to oversee reform of a compromised judiciary.
    • He went on to explain that Zaldivar is the right man to see the job through ensuring that "the judges are not, as now, at the service of the powerful".