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AUD/USD Triangulates on H4; EUR/USD, GBP/USD Holding Range Lows

AUD/USD Triangulates on H4; EUR/USD, GBP/USD Holding Range Lows

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURUSD holds November low, GBP/USD capped by 1.5721.

- AUDUSD consolidating between 0.8540 and 0.8795.

- See the 'high' importance events on the DailyFX Economic Calendar.

Holiday trading conditions are on the cusp of arrival, though this will only be a precursor to the much longer market lull that usually takes place at the end of December. Over the next few days, with a meaningful portion of the world’s liquidity drained from markets, the potential for significant breakouts and follow through is seen as limited.

See the above video for tecnical considerations in EURUSD, GBPUSD, and AUDUSD. Read the two articles below for a closer look at the Euro and what's driving price action in EURCHF as the Sf1.2000 floor is currently being tested.

Read more: Will EUR/CHF Floor Break? November 30 Referendum in Focus

Read more: Latest Promise of Easing from ECB Keeps Euro Rebound at Bay

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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