GBPAUD is in a downtrend. Brexit and better than expected fundamentals in both china and australia suggest that the downtrend will continue. Short in a pullback to the second daily resistance maybe an appropriate low risk entry.
The GBPCHF is clearly in a downtrend. A slight rebound to daily and weekly resistance could offer an attractive short entry minimizing our losses in case of failure.
Besides trading is just an art of probability.
XAUUSD0.49% is in a short term downtrend channel and the fact that the majority of retail traders are positioned long gives a contrarian signal that XAUUSD0.49% may continue lower. Thus, we think that any short term rebound as the one we are using here to the weekly and monthly resistance may be a good short entry point.
Please feel free to make any suggestions.
The Euro could strenghten as from the one hand the Federal Reserve took a dovish stance towards 2016 rate hikes and from the other the enhancement of the ECB's TLTRO program could potentially provide a lasting impact for the Euro currency.