Traders who stayed at their charts through Asian session, could take advantage of that bullish move on Aud/Usd, which went just straight up from 1.0050 area.

Dollar as we can see is clearly bearish across the board, even against the Eur which was one of the weakest currencies for the past few days and weeks. So in current environment, when stocks are up, and we expect that this "upward move" will continue, we suggest you to avoid Euro for now, because now this currency will probably have the lowest gain compared to the others (Aud, Cad....).

Aud/usd

Move as we can see is very extended and sharp, typical wave three personality of an impulsive structure. As such, any deep pull-back in the near-future will be wave 4, likely of 3).

Gbp/Usd

Nice, push higher on cable after we recognized a wave 4) pull-back in yesterdays update for subscribers. Wave (3) is now in progress, but it could be in final stages as price approaches some Fibonacci levels at 1.5750 and 1.5800. Any larger pull-back from the peak will be only wave (4)!

Forex Analysis by Gregor Horvat at ForexPros. com