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AUDUSD Sensitive to RBA Rate Outlook, EURUSD Awaits FOMC Minutes

AUDUSD Sensitive to RBA Rate Outlook, EURUSD Awaits FOMC Minutes

John Kicklighter, Chief Strategist

There is a lot of breakout potential across the dollar and yen-based crosses, and those that are awaiting the technical cues are growing impatient. Those keeping tabs on the fundamentals know what to look out for: the RBA rate decision and rate forecasts, the FOMC minutes and ever-shifting risk appetite trends. Can these catalysts generate major breakouts or will their influence top out with short-term volatility? We run through the high-potential technical patterns in the market alongside the primary fundamental themese guiding their actions.

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

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