EUR/AUD just a range trade this year but...

20 באוג׳ 2017

EURAUD has been transitioning into a range the past two years and my sense is that as long as it stays above 1.4609 this year, it can be a potential monster bullish trade in 2018. Right now, EURNZD is stronger than AUDNZD and I think this pattern will persist for the remainder of the year and next year. Again, range trade EURAUD but keep in mind the potential pivot this year for a run next year.