EURAUD Higher
I like trying EURAUD higher here.
Nice double/triple bottom seems to be forming and a fairly recent breakout of a large triangle could see the pair move higher.
I also think that we could start to see more risk off here and a move higher in the vix. VIX is pretty closely correlated to AUD right now as it is a risk correlated currency.
We also have the ECB starting to turn more hawkish and very strong EUR inflation figures which should hep EUR keep some strength on the crosses while also benefitting from potential risk off moves on this pair through a weaker AUD. There's also a lot priced in AUD rates right now so i'm not certain how much higher AUD rates can move.
Not trading/investment advise, feedback welcome!
Nice double/triple bottom seems to be forming and a fairly recent breakout of a large triangle could see the pair move higher.
I also think that we could start to see more risk off here and a move higher in the vix. VIX is pretty closely correlated to AUD right now as it is a risk correlated currency.
We also have the ECB starting to turn more hawkish and very strong EUR inflation figures which should hep EUR keep some strength on the crosses while also benefitting from potential risk off moves on this pair through a weaker AUD. There's also a lot priced in AUD rates right now so i'm not certain how much higher AUD rates can move.
Not trading/investment advise, feedback welcome!
Catatan
taking this out here around -0.2% loss
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.