A.M. Look 7/20/17

AUD/USD…Aussie’s 10 day 500 point rally is waning.
A cash close today below 79.08 would have me looking for

a corrective phase back to just below 78.00.

AUD/JPY…a close below 88.59 would corroborate that move.
 

EUR/AUD…is oversold and is bouncing off its 200 DMA.

Risk spreads look good.

Wait until the ECB to see if the Bonds or the Equities will lead today.
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