AUD/USD

AUDUSDDaily-5-4-2016-696x340@2x

If you are interested in Price Action Strategy description, you can read it here.

Yesterday we saw a stronger USD appreciation. Aussie fell and stopped near important support zone and if any purchase signal shows we will consider long positions. Current level is really strong and the main trend moves upward.

EUR/AUD

EURAUDDaily-5-4-2016-696x340@2x

Euro to Australian dollar moved above the resistance which now should act as a support. I will wait for bearish correction and then after PA purchase signal on the H4 chart open long position.

EUR/USD

EURUSDH4-5-4-2016-696x340@2x

Dollar correction brought EUR/USD to support surroundings. I will observe the H4 chart and look for buy signals. Currency pair during last six sessions were on increasing streak, and current decreases may bring great opportunity to join the broader trend.

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USD/JPY

USDJPYDaily-5-4-2016-696x340@2x

Support zone was defended, and the session ended with really nice purchase signal (pin bar candle). Unfortunately, price moved to far from the level and I could not open long position. I will observe the price behavior during today’s session and if price falls closer I will consider going long.

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