AUD/USD: Coiling for a potential breakout…but which way?

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Most major markets continue to consolidate today amidst the essentially data-less global trade. Probably the day’s biggest news was the election result in Canada, where the Liberal Party, led by Justin Trudeau the son of former Prime Minister Pierre Trudeau, secured a surprise majority. The majority seemingly gives Trudeau a mandate to enact the expansionary fiscal policy he campaigned on, including a plan to run stimulatory deficits for the next three years. At the margin, expansionary fiscal

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