Today is very interesting, but also potentially very dangerous day for traders. The calendar is empty, but there are two speeches of the major heads of financial institutions, the Fed and the ECB. Yellen at 16:30 and Draghi at 20:30 and this last speech can make quite a stir. Here we go:
EUR/USD:
Yesterday there was a correction to the EURUSD, which continues today and the price is approaching 1.3300. If a sell signal of the price action appears during the re-test of this level from the bottom, you will be able to open short positions in accordance with the recent strong downward momentum.
GBP/AUD:
The GBPAUD broke an important support level and now falls in the direction of another to 1.7730. It is worth looking to buy signals there because GBPAUD is in a clear sideways.
NZD/JPY:
A very similar situation as the EUR/USD. This pair is testing the resistance level from the bottom, which may be an opportunity to open short positions. The condition is a clear sell signal.
NZD/USD:
The second pair with the New Zealand Dollar, which can be a sell signal. The area highlighted in blue is an area of resistance, that’s why here you can consider short positions. Previously, it was a key resistance level, which break should bring Kiwi about 300 pips lower.
XAU/USD:
Gold bounces from key support level. It was tested many times and now it can also prevent falls in this instrument. If a buy signal appears from the price action, you should consider long positions.
