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!
Note
taking this out here around -0.2% loss
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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.