Although AUD fundamentally has room to stay stronger, trend & momentum indicates EURAUD will be reversed to be up in this week.
Monday 17 November 2014
EURAUD Trend & Momentum - 17-Nov-2014
AUD and NZD has been much stronger against most of major currencies including GBP, EUR, USD and JPY. While those major economies are still struggling about economic growth or market liquidity though US economy is relatively competitive, AUD or NZD can be fundamentally stronger against other major currencies. Australian interest rate is expected to be risen early next year.
Although AUD fundamentally has room to stay stronger, trend & momentum indicates EURAUD will be reversed to be up in this week.
Although AUD fundamentally has room to stay stronger, trend & momentum indicates EURAUD will be reversed to be up in this week.
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