Yesterday the number one topic was Mario Draghi conference. ECB policy does not change significantly – there were some instructions about further easing and negative depo rates. This resulted in the euro weakening, but it was not large. Today another important micro data from US labor market – we should take them really carefully. Let’s start today’s review:
AUD/USD:
Aussie is still in the uptrend and now positioned itself above key support. It is worth to look for Price Action buy signal in the case of correction to that level.
EUR/USD:
Yesterday’s news brought Eurodollar to the key support and at the same time to equal level of 1.3700. Clear buy signals will let to open long positions, because the long-term trend is still upward. However, we should be careful – US macro data may cause a high volatility and stop SL’s executing.
GBP/AUD:
Cross tested the resistance and sank down a bit. In case of further increases in the area of 1.80750 it is worth to look for sell signals.
NZD/USD:
Dynamic correction on Kiwi has come to the key support and rebounded. This could be the end of it. On the hourly chart we see a candle, which dynamically rejected the support and allowed to join the long positioning.
