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genkumag

EUR/AUD just a range trade this year but...

Long
Euro / Australian Dollar (OANDA:EURAUD)  
genkumag  
OANDA:EURAUD   Euro / Australian Dollar
Trend Analysis EURAUD
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trendanalysis euraud
$EURAUD has been transitioning into a range the past two years and my sense is that as long as it stays above 1.4609 this year, it can be a potential monster bullish trade in 2018. Right now, $EURNZD is stronger than $AUDNZD and I think this pattern will persist for the remainder of the year and next year. Again, range trade $EURAUD but keep in mind the potential pivot this year for a run next year.
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