EURAUD has been gradually declined over the last 2 weeks while AUD has been stronger against several currencies such as USD, GBP or JPY.
Risk of further declining EURAUD remains, but for seeking the trend reversal, the trend & momentum signal indicates EURAUD get trend reversal to go up in next one week.
On the other hand, observed AUD in last 2 years, AUD had been weaken against most of the currencies due to several factors including Australian monetary policy. The economic situation seems be improved and the inflation pressure is still higher, and the long term trend reversal cannot be ignored for your trading position.
For more currency pairs, the trend & momentum indicators available on Google play.
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