This pair broke structure on Monday morning. As I been waiting for sells for this pair specifically I expect a slight retest of the zone it broke and continue short to the downside another 100 pips opening London.
As I believe the AUD dollar is weaken as the RBA stalls cash rate target. As they are focus on employment they insights a lower AUD dollar will help inflation. But to stick to structure AUDNZD can test 1.70100 zone before decline short as we are at a downtrend coming off strong resistance.
As I read, China might lower inflation rates which will have a fall effect on #AUD #NZD quotes. As I scale out the AUDUSD pair also, I do expect a fall coming nearly close to weekly resistance. As the #AUDUSD potentially falling I expect the EURAUD to be bull market temporarily breaking the consolidation period . As it back to 1 fib retrace on weekly I expect...
As I see the EUR continues to struggle to bring there value of there EUR up as it travels in this descending channel I could best to say This pair will continue to bounce off this levels and break it downside as USD stats comes out next week. So far this move is roughly 250 pip short but I believe the EUR will continue to go even lower
