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Published on Oct 19, 2016
An
unexpected slowdown in Chinese Industrial Production data triggered a
sell-off in Asian stock markets and a halt in the rise of the Australian
Dollar – at least temporarily.
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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