The US$ looks a bit heavy in the short term and higher levels for the EU majors, Jpy, the Aud$ and the Kiwi would not really surprise over the next 24 hours. In the medium term I suspect that such a move is likely to provide better selling levels for the dollar’s longer term uptrend.
Elsewhere, on the crosses, EurGbp still seems to have further downside potential, while the Jpy also looks mildly heavy against the Euro and the Kiwi, although again, rallies will only provide better sell opportunities given the look of the daily charts.
The longer term charts for the US stock markets do look increasingly heavy although at this stage there is little real downside momentum although the ASX is heading sharply lower and seems to have further losses ahead of it.
The metals and WTI have been choppy and are better left alone although Gold may see a little upside on the back of a softer dollar.
*Trade of the day: October 10, 2018 6:49 AM(AET)
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.
Range Trade: EurUsd: 1.1450/1.1550
Sell EurUsd @ 1.1540. SL @ 1.1580, TP @ 1.1420
Range Trade: AudUsd: 0.7060/0.7140
Sell AudUsd @ 0.7150. SL @ 0.7185, TP @ 0.7030
Sell US$Jpy @ 113.25. SL @ 113.80, TP @ 112.15
Sell EurGbp @ 0.8785. SL @ 0.8810, TP @ 0.8685
Range Trade: Gold: 1185/1195