The moves this morning were pretty straightward but now the US has come back from the long weekend the landscape has changed.
The buck is being helped by an uplift in US Treasury yields. 10's are testing 2.10% and 30's are into 2.70% and the highest since the beginning of Jan
From 'risk on' we've switched to 'dollar on' and that's sinking the pound, euro and aussie
Support is likely to be seen ahead of 1.5300 and we have the 55 h4 ma there, and the Jan 2009 support line just under at 1.5295
It's another one of those days where the big figures and strong S&R points are still enough to keep prices in check and that means that there is no real emphasis on trends. Play the edges until they blow.
