EURAUD: Don't miss this trade
EURAUD havent shown what we usually seen in this pair for continuation of the downside. It is currently consolidating sideways tightly (for the timeframe it's in). This indicate to us that a potential uptrend is likely on the way. Compare this with how the AUD is doing, this euro pair can go even higher. The Eurnzd can go down, if you look at the AUDNZD. The NZD is gaining strength to the AUD. Therefore, Euraud going up and Eurnzd going down is possible.
Trade with care.
Trade with care.
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.