EURAUD lower
Trying EURAUD lower here.
We have a resistance line above and the 50 DMA. tried a couple times to move higher but haven't been able to as well.
narrative i think is moving in favour of AUD, AUD had good data last week and will benefit from all the china good news so far this year.
sentiment and positioning are extremely high.
correlations seem to point lower as well, VIX is lower, commodities are higher and risk sentiment is doing okay.
Not trading/investment advise, feedback welcome!
We have a resistance line above and the 50 DMA. tried a couple times to move higher but haven't been able to as well.
narrative i think is moving in favour of AUD, AUD had good data last week and will benefit from all the china good news so far this year.
sentiment and positioning are extremely high.
correlations seem to point lower as well, VIX is lower, commodities are higher and risk sentiment is doing okay.
Not trading/investment advise, feedback welcome!
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