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Published on Oct 19, 2016
Talking Points:
• AUD/USD has closed above trendline resistance that has capped the pair for the past six months
• Risk trends are suppressed, the Aussie has limited fundamental engagement and there is more tech resistance above
• We look at EUR/JPY's 'break of necessity' and GBP/USD's motivated drive lower for guidance on AUD/USD's conviction
#news
@JohnKicklighter
• AUD/USD has closed above trendline resistance that has capped the pair for the past six months
• Risk trends are suppressed, the Aussie has limited fundamental engagement and there is more tech resistance above
• We look at EUR/JPY's 'break of necessity' and GBP/USD's motivated drive lower for guidance on AUD/USD's conviction
#news
@JohnKicklighter
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