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Morning View: USD Still in Charge

From vantagefx.com

In this section of my Morning View, I will be posting the day’s most topical charts and sharing my technical views. We start with the AUD/USD Daily re-testing previous trend line resistance now as support. As seems to be the pattern lately, we started last week with some AUD buying off the bat. It’s always dangerous to call a market in a strong downtrend such as AUD/USD ‘too low’, but this 75.000 – 80.000 zone is giving me an itch. As you can see on the Daily chart above, price has broken out of it’s daily downward sloping channel on talk that Yellen’s previous Friday afternoon comments weren’t as hawkish as ... (full story)

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