On the CCY Corner: #TSOT- #AUD #EURO #CABLE #DXY #YEN

The #AUSSIE has remained favorable as prices sustained from its pullback after the #RBA rate adjustment and have sent it right back above the 0.7600. While the #EURO retest at the lower band of its range lingers @1.1080/90 levels nearing its benchmark aiming the all important psychological level @1.0880. And this is in contrast to the recent better than expected confidence reports from the #EUZONE which barely did any real favors for the single currency.

Well in lined with #CABLE now breaking below @1.3000 handle; following its established course and enough room for the decline to build a gradual pace. The 1.2790 (July) remains the price support from its  previous registered low. BOE rate cut have opened a renewed selling pressure which apparently spilled over to the EURO and likewise opening investors to shift back to #YEN related safe-haven trade positions.

#USDJPY strength @100.67 serves the 3rd bottom price levels to remain vigilant with a #USD price recovery providing a lift back @102.23 to this writing. All considered as a mere corrective move. 'Alternate Price Action' among major pairs should and must always be carefully watched. As this will provide even tactical traders the ability to SHIFT positive trades before any movements would occur.