Weekly Technical Forecast: The Next Round of Technical Breaks May Finally Lead to Trends
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The Dollar saw another high profile technical break flounder this past week. The failed launch had less to do with the viability of the pattern and was more likely a byproduct of low liquidity. But, starting next week, we enter the most active trading period of the year.
GBPUSD is range-bound in the short-term but building for another leg higher with the daily chart remaining bullish
The dollar-yen attempted a climb higher this week but fell short of delivering conviction on its downtrend breakout. Technical outlook for the pair is mixed
AUD/USD prices resumed their 2018 downtrend on the daily chart after bullish reversal warnings were cancelled out, eyes May/December 2016 lows as downside momentum fades.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.