Australian Dollar (AUD) 's performance has been bearish for about last two weeks against some major currencies CAD or USD while NZD has been even weaker since the end of March.
Australian economy fairly depends on Chinese economy which is under pressure, and the second biggest economy could drive Australian economy and the value of its currency.
As a matter of technical indicators for the short term, the Trend and Momentum are indicating AUD could be surging in a coming week, and quick downturn after surging is also anticipated.
AUDCAD
 |
| [AUDCAD Trend and Momentum as of 30-Apr-2019] |
AUDUSD
 |
| [AUDUSD Trend and Momentum as of 30-Apr-2019] |
To check Forex trading signals, download Forex Signal by QROSS X.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.