Technical Outlook: AUDUSD has continued to trade within the confines of a well-defined ascending median-line formation dating back to the 2015 low with a sliding parallel extending off the 6/16 low now converging on the 61.8% retracement. We’ve been tracking this Aussie setup for some time on SB Trade Desk and heading into tonight’s 3Q Australia CPI release, the focus remains higher while above near-term confluence support at 7594. Interim resistance stands with the monthly open at 7352 with a breach higher targeting 7678/90. Ultimately a close above the August high-day close at 7699 would be needed to validate a ... (full story)