AUDUSD Channel Stands to Benefit should a Reversal in Risk Appetite Hold Off

Risk appetite took another hit this morning with a sharp decline in Asian and European stocks that spread quickly to the FX world. Though not all of the majors were producing prominent, dollar-bullish breakout, EURUSD would force a multi-month rising trend that would subsequently be translated into a similar push for the dollar index.

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AUDUSD Channel Stands to Benefit should a Reversal in Risk Appetite Hold Off