Market volatility in the week beginning is quite good. We can see few possible signals to open positions. Yen is weakening, which gave opportunity for long positioning on pairs against AUD and USD.

AUD/NZD:

Currency pair was in a dynamic uptrend – yesterday it reached support and rebounded from it. Looking on H1 chart we can see a pin-bar candle which may be used as a signal for opening longs. If someone is out of position we recommend to wait for another test of this level or breaking 1.09445 and re-test from the top.

EUR/CAD:

Euro against Canadian dollar consolidates below local resistance. Trend on the currency pair is downward and if any H4 or H1 signal will occur we may open short positions. In the case of such tight consolidation a potential S/L will be small and risk/reward around 10:1!

EUR/USD:

The most popular currency pair rebounded from resistance and fell to vicinity of May 28 lows. This rebound was a clear sell signal – because the trend is downward. Currency pair should test the support between 1.3510-3475.

NZD/USD:

Kiwi is now under a key resistance which clearly shows bears domination. Currently, we are witnessing a rebound from the support (the last one before bigger sale). However, it is not worth to play long position against the trend. It will be better to wait for another resistance test (earlier key support) and then – after PA sell signal – to open short positions. If the test does not occur, the next opportunity will be support test (0.8433) from below after its breakout.

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