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Forex Forecast: GBP/USD range-play, AUD/USD sees downside potential; $42-$43 key for WTI

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s oil price and forex outlook, we discuss the key levels for AUD/USD, GBP/USD and WTI with Craig Erlam, Senior Market Analyst for Oanda. West Texas Oil: $42-$43 remains a key level Erlam highlights that the supply side pressure still remains in the oil market. He sees downside potential in WTI towards $42-$43 levels and notes this area to be key over the coming month as a break below this would open further downside for oil price. GBP/USD: Awaiting a fundamental shift Erlam notes that

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