USD Trading Outlook (17-10-2013)
It looks like an agreement has been reached on increasing the US debt ceiling and this deal is currently being voted on. The AUD has remained very well supported as ‘risk-on’ trades look to be the order of the day. AUD/JPY is trading at recent trend highs and just below important technical resistance whilst AUD/USD has taken out one barrier near .9550, although another bigger one looms at .9600. The economic calendar is again very bare and unfortunately we may be in for yet another very quiet session.
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