Hey tradomaniacs,
EUR/AUD is still in a correction-mode for the mid-term-trend and could continue to move up after multiple attempts to move down which got absoprbed as you can see with the previous fake-moves to the downside.
A good condormation for EUR/AUD to move up in terms of correlations would be falling indicies and so a risk-off-mood in the stockmarket.
Let`s see of the breakout continues =)
EUR/AUD is still in a correction-mode for the mid-term-trend and could continue to move up after multiple attempts to move down which got absoprbed as you can see with the previous fake-moves to the downside.
A good condormation for EUR/AUD to move up in terms of correlations would be falling indicies and so a risk-off-mood in the stockmarket.
Let`s see of the breakout continues =)
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.