Simple Wolfe Wave. There are a myriad of factors that support a bullish movement such as the collapse in commodities and the lack of confidence in the FED's monetary policy. EUR and AUD are akin in the aspect that they are both fundamentally in precarious positions with expansionary monetary policy on the lips of both Stevens and Draghi however, Euro bulls will be granted some respite in the next month or so and AUD will continue to be plagued by the deterioration of commodities and China uncertainties. I believe this pair will create a double top at 1.46500 and then fall to it's doom.
Kommentera:
I currently have long positions from 1.53200
Kommentera:
Hmmm
Kommentera:
Currently long on this pair
Kommentera:
I'll say that's semi accurate