News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Forex: AUD/USD Breakout Prone, Looking for a Catalyst

Forex: AUD/USD Breakout Prone, Looking for a Catalyst

John Kicklighter, Chief Strategist

AUDUSD finds itself in a technical pattern that essentially has to resolve with a breakout in the near future. However, the catalyst and follow through required on such a setup present a situation where this high pressure breakout is unlikely to evolve into a lasting trend until after the weekend. A clear commitment to risk trends is a ingredient that is critically absent while many pairs - EURUSD, NZDUSD, USDJPY, EURJPY and many others - present extremely attractive technical setups. In today's video, we look over these patterns and discuss the crucial piece of the puzzle: risk trends.

Take this quiz to assess your trading IQ! (Initial login required)

Sign up for John’s email distribution list, here.

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

DISCLOSURES