After the hawkish FOMC, USD strengthened... but just for a while. Then, the price reversed pushing the dollar index and USD/JPY lower and Gold and EUR/USD higher. Thanks to those movements, on few instruments, we got interesting trading setups. Be careful though! In few hours, we will have a similar portion of data from the ECB!
Gold defended the long-term up trendline and broke the upper line of the triangle. The price should continue to go up. At least, till they will reach the resistance on the 1306USD/oz
EUR/USD bounced from the horizontal support and also broke the upper line of the triangle. What is more, at the end of the Asian session, traders tested that line as a support, which increases the chances for a further upswing
EUR/AUD is another pair with the buy signal. Here, we do have a bounce from the horizontal support, breakout of the mid-term down trendline and the inverse head and shoulders formation. Wait, there is more. We also broke the neckline and the horizontal resistance around the 23.6% Fibo. Buy signal seems legitimate