Currency Analyst since 2010

Trading plan for Sep. 22

This weekend there will be a G20 meeting devoted to many of the global problems like Russian-Ukraine crisis. This may have an impact on the market’s risk sentiment, especially during the Asian trading session.

AUD/USD is consolidating between $0.9000 and $0.8930. Watch for a break of this range. New Zealand will release July Westpac Consumer Sentiment index early on Monday. Given the recent strong GDP figures, we can get a positive surprise for NZD/USD from this size.

As for EUR/USD watch for Mario Draghi’s speech at 13:00 GMT. Draghi will probably try so say something positive about TLRTO, providing some support to EUR/USD on the intraday. We are selling euro on the increases.

GBP/USD retraced from the $1.6520 resistance and returned below the $1.6400 mark. The technical picture remains bullish as long as the pair holds above the $1.6300 support.

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