EURAUD - POSSIBLE PUSH TO DOWNSIDE
EURAUD has currently broken out of its period of consolidation on the 4hr chart and is now looking like it is rejecting the current resistance zone. I am looking for a re-test of the broken consolidation zone. COT data is showing weakness in EUR and AUS. However, last week Aus showed signs of possible future strength as they look to be adding on more long orders while closing their shorts.
Seasonals are showing signs of possible weakness in Eur while possible strength in AUD as we come into the month of October.
Seasonals are showing signs of possible weakness in Eur while possible strength in AUD as we come into the month of October.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.