Risk On mode is fully on. Stocks are climbing higher, save heaven assets are trading lower and EM currencies gain in strength. In this environment we do have a three trading occasions for you.
First one is the GBP/USD, where the sentiment is very positive and we should soon see attack on the highs from May. Positive sentiment is based on the fact that we do have an up trend and we just recently created a flag, which stopped on the 50% Fibo, used that as a support and ended with the price surging 170 pips higher... and still counting.
Next one is USD/CHF where we wait for the breakout. It should happen soon, actually it is probably happening right now. Price created a double bottom formation and currently is trying to break the mid-term resistance. If they will manage to do that, the buy signal will be created.
Last one is AUD/USD, where the price made new yearly highs. That gives an optimistic signal to all traders. Even if in the next few days we will see a correction (which would be totally normal), the long-term sentiment stays positive.