EURUSD looks a tad more balanced and this could tilt the near-term setup into a correctional prone market – then with an eye on refs at 1.3043\59, 1.3102 & 1.3163. Below 1.2982 cancels this and argues for fresh lows instead… AUDUSD seems bound towards a wider 1.0290\1.0375 correctional objective area… EURJPY below 120.36 would target recent lows around the 119-handle, but firmly back over 122 would alter a short-term bearish outlook and turn attention to 123.25\124.25… EURSEK over 8.3950 would trigger a correction towards 8.4140, but over 8.49 is also needed to question further downside potential… USDSEK remains in a bullish “flag”, but over 6.4860 is needed to end it. Key support is found at 6.3580/30… EURNOK went deep yesterday, but should enjoy support at 7.4350 or no later than 7.4140/7.4010. First main resistance is located at 7.4635… NOKSEK seems prone to move higher as a reaction to stretched short-term conditions. If you buy into this thought, 1.1375 would be a target to look for… There was no EURPLN follow through selling yesterday after Fri’s notably bearish candle. The “Harami” added brings renewed upside attention. Key refs above are located at 4.1750 & 4.1955… USDHUF is pausing recent gains, but with presumably strong support at 225/223, the next leg higher (targeting 236) should be worth waiting for… The front S&P500 future looks staged to expand the current move higher well beyond the recent 1,530 high… US & German bonds suffer from some high anxiety, but corrections lower are thought to be shallow with supports at 131-11 / 130-24 in the Jun US tens and at 144.81/50 in the Mar 10y Bund… The Shanghai Composite looks correctively set to test 2,215/2,196 before turning higher and the Apr Brent contract could recheck $112.30 before moving lower again…
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