Yesterday’s information from the European Central Bank about the possibility of action, resulted in the euro weakening. Also the news about possible introduction of negative interest rates did not help the currency. Let’s start today’s price action setups review:

AUD/JPY:

Australian dollar is strengthening, which on many pair led to interesting situations. One of them is a pair with the yen, which has approached a key resistance. Clear sell signal can be used to open short positions, but it is better to wait for the breakdown of this level, re-test from the top and then open long positions after price action signal.

AUD/USD:

Aussie reached the highest level during this year. The key resistance was broke and now each buy signal in the surrounding area will be a good opportunity to open long positions in accordance with the new trend.

EUR/AUD:

Euro against to Australian dollar approached a key support. It is a very strong level, visible on the weakly chart and breaking of it will determine the behavior of pair in the nearest future. As with the previous currency pairs, we can search for buy signals for now, but the breakout and re-test from the bottom is possible.

EUR/USD:

Eurodollar tested yesterday another key level 1.3830 and it seems that currecy pair choses the direction to the south, because it is not able to break resistance. If in the near future there will be an attack on this level, then you can search for sell signals.

GBP/AUD:

A pair fell to the lowest level in the year. The key support level has been broken and now we must look for short positions after resistance test (former support) from the bottom and a sell signal occurrence.

Error, group does not exist! Check your syntax! (ID: 3)