Hello Traders,

I have not placed any trades just yet. The markets seem quiet and I have no new information to discount at the moment. However, I still hold onto the idea that the AUD USD and USD CAD will decrease/increase in value accordingly. I am also following closely the price action around the EUR/USD. Let me show you further details. Currently, the situation quite resembles consolidation (in terms of technical analysis). However, I have checked the Open Interest for the pair and have seen that it has been the highest since December 2016, similarly to the AUD USD. This gets my attention since the discount factor in both of the pairs is the USD. However, I must admit that I do not see a strong bullish signal unless the price breaks above the 200 MA (which sits at 1.09 currently). Until the possible bullish scenario, I must be patient (which is my gut felling talking out). This is it for now.
Best Wishes,

Georgi Georgiev
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