Aussie Dollar expected to fatten against the China Yuan
https://www.tradingview.com/x/5oQfkxX2/
The Australia / China economic dependency & reliance runs almost as deep as Australia's ongoing and upbeat relationship with the USA.
Australia is where it is in only 300 years of white settlement because of its strong resources sector and China is one of its biggest consumers.
Recent stimulus to prop-up a failing economy the past few years in China should restore this ying-yang existence and a secured one for the 2 nations over the next little while.
Technically, you can see the path of the 2 currency's on the weekly chart. On the weekly it looks to be a tight consolidated range which will only serve to aid its breakout soon before traders are aware and its too late to buy the Oze at the better price.
The Australia / China economic dependency & reliance runs almost as deep as Australia's ongoing and upbeat relationship with the USA.
Australia is where it is in only 300 years of white settlement because of its strong resources sector and China is one of its biggest consumers.
Recent stimulus to prop-up a failing economy the past few years in China should restore this ying-yang existence and a secured one for the 2 nations over the next little while.
Technically, you can see the path of the 2 currency's on the weekly chart. On the weekly it looks to be a tight consolidated range which will only serve to aid its breakout soon before traders are aware and its too late to buy the Oze at the better price.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.