My prediction on the EurAud is a drop and a continuation of the overall euro bearish-ness.
The pair is in a "wedge", so it needs to break the upper or lower trend line before a trend direction can be determined.
The pair has been marked with lower highs, so a bearish trend seems imminent.
A trend line break will leave the pair open to test the support at 1.3700.
The pair is in a "wedge", so it needs to break the upper or lower trend line before a trend direction can be determined.
The pair has been marked with lower highs, so a bearish trend seems imminent.
A trend line break will leave the pair open to test the support at 1.3700.