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.
AUDUSD Sensitive to RBA Rate Outlook, EURUSD Awaits FOMC Minutes
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.