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Published on Oct 18, 2016
The
U.S. Dollar and crude oil are both down a little, with the big gainer
so far being the Australian Dollar. The Aussie has responded quite
positively so far to the RBA’s Monetary Policy Meeting Minutes release.
The
EUR / USD currency pair is looking significantly weaker, breaking down
past its long-term range and threatening very key support at 1.0961.
The
AUD / USD currency pair is threatening a bullish breakout above a very
key long-term bearish trend line. Multi-month highs around 0.7750 may
now be in sight.
The GBP / USD currency pair is consolidating between 1.2300 and 1.2100, but the longer-term outlook still looks bearish.
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