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USD
EUR/USD
The Shared currency retreated from a high of $1.1242 after better-than-expected U.S. services data provided the latest boost to confidence in the U.S. economy.
GBP/USD
The cable held its ground at $1.2500 as traders looked ahead to this month's Brexit negotiations and more government support measures expected later this week.
USD/JPY
The Japanese Yen slightly changed at 107.51 against the greenback despite an awful Japan household spending data in today's Asian session.
AUD/USD
The Aussie dollar fell from a high of $0.6997 to $0.6960 after the State government announced the lockdown of metropolitan Melbourne, while the Reserve Bank of Australia kept interest rate unchanged at 0.25% earlier.
USD/ZAR
The South African rand firmed at 17.00/dlr on Monday, thanks to a broad recovery in risk appetite on growing expectations of a strong Chinese economic rebound.
USD/MUR
On the domestic side, the pair remains idle at 40.15(selling).
18:00 - USD - JOLTs Job Openings
18:00 - CAD - Ivey PMI (Jun)
From an Elliott Wave trading standpoint, USD/CHF indicates a violent recoil higher in compelling impulse Wave (3) trajectory on a test of support marked by the confluence of a former counter-trend support at Wave (2) at 0.9372 of June 11th, percolating since late March 2020. As we have continued to highlight, the trend USD/CHF remains bullish overall.
Looking at the hourly chart, the pair may propel into Wave (3) targeting 1.0084, which represents 100% Fibonacci projection of impulsive Wave (1) through corrective Wave (2). Peeking through 0.9553 of Wave (1) would further validate the upside momentum. On the flipside, a set-back of recent low at 0.9418, then 0.9372 would render the count obsolete. If the pair fails to clear the latter, it could catalyse an aggressive decline.