So with end of month & Brexit deadline approaching upon us, we turn our attention to the monthly chart. And interestingly we see an uptrend divergence forming on the MACD indicator & price bars
Can we expect the brexit saga, (whatever the results) be the trigger to deflect the AUD north? Interestingly, Oct/Nov 2008 period was also the
end of the GFC crisis and the beginning of an uptrend.
We have the last 3 bars on a major support. Should this hold, expect an uptrend.
Challenging time ahead!!
Can we expect the brexit saga, (whatever the results) be the trigger to deflect the AUD north? Interestingly, Oct/Nov 2008 period was also the
end of the GFC crisis and the beginning of an uptrend.
We have the last 3 bars on a major support. Should this hold, expect an uptrend.
Challenging time ahead!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.