Gaps remain open. World stocks are on all time highs but on currency markets traders seems asking questions what is next? Wasn't that surge a bit exaggerated? Is it really based on the strong fundamentals?
EUR/USD still stays above two important horizontal supports - down trendline and 1.084 but we do not have higher highs and lows today so the chance for a gap closing movement rises significantly. As long as we stay above those supports, the sentiment stays positive but buyers need to be extra careful here.
GBP/USD is still very high. Correction is very flat and is showing us that the buying pressure remains strong. Bullish continuation is very probable.
AUD/NZD came back above the long-term neckline and the down trendline. In addition to that we had a bullish flag, which resulted with a breakout of the upper line. All that is positive and this sentiment should not be easily denied.