Counter parts on fire! So may Aussie too?! AUDUSD LONG IDEA
Price seems to be in ascending channel. king is struggling after the Brexit developments report spiraling around the internet in every news site which just helping to boost the bullish sentiment of the pound and euro which obviously helping to lift up the price more further up direction. Dxy has been showing some sign of a bearish reversal in a daily timeframe so do the trade-weight has also dropped pretty down and which all pointing out king weakness. Some inflation reports weren't good from the king earlier and Oct 30 is near pressure on fed has raised more. I guess further ease possibilities which are all why counterparts of the king doing great at the moment. Time for dollar devaluation probably.
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Plus as we all know other counterparts of the king doing so well not only about Aussi but pound and euro being most highlighted currencies from the last couple of days due to their positive Brexit development which helped for overall dollar devaluation and strength of counterparts.
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Dollar devaluation indication one: www.tradingview.com/chart/4cTksaCk/
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ignore the above wrong like. It's the one:
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Indication two: Given how global trade is developing, this index is probably a better reflection of the dollar’s value across the globe.
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
China commerce ministry: The goal is to stop the trade war, remove all tariffs
China commerce ministry: We are discussing the next phase of trade talks
The barrage of positive remarks from China has helped risk trades gain some light ground in the European morning, with the aussie and kiwi pushing higher on the session.