The Dollar-Index (DXY) cannot make progress above the 105 treshold for now. Aside from being influenced by risk sentiment again this week, the Dollar could perhaps be impacted by ADP and NFP numbers on Thursday and Friday respectively. But for today I do not have any big expectations with the US holiday.
(source: fxstreet.com)
EURUSD -- 1.0447
The low of Friday was 1.0366 and, of course, you can argue that the 1.0360/40 support zone held again. Nevertheless, the currency pair is already offered below the 1.0471/1.0500 resistance. In this respect, at the current level, you can also toss a coin to choose a side. (Annotation: at time of writing, the Euro was 23 pips lower)
GBPUSD -- 1.2130
Sterling could offer slightly better prospects for longs. The dip below the big 1.2000 mark on Friday was quickly bought back and the currency pair was up 109 pips from the low (1.1976) at closing (1.2085). The 1.2000 will probably not hold a third time. So the stop level for longs should be clear.
AUDUSD -- 0.6876
The RBA's next interest rate decision is very early tomorrow. A rate hike of 50 basis points from 0.85% to 1.35% is expected. In advance, the Aussie is already rising significantly. However, the beginning of the month and the Dollar holiday make it difficult to assess the situation. From a technical perspective I would look for longs above 0.6829 and get rid of shorts above 0.6900. As I wrote in the last issue, I think Aussie is a long candidate.
Good luck,
Sebbo