Long EURNZD or EURAUD now and Hold!related to
time in UTC+8
As AUD bounced from daily order block and support, vwap below (drawn from 02 oct 2024 swing low) for further support, NZD will benefit on the side as well vs other pairs.
Yesterday AUD rallied more than NZD, the profit taking will cause AUD to crash more this session.
Both pairs stochastic show bullish hidden divergence (22 Oct 2024 to 07 November 2024)
Current NZD Vwap drawn from 01 Oct 2024 swing low may pose as resistance but price currently bounced from daily order block that date back years.
Multiple wicks to retest the support failed to break it down
Trump reelection profit taking to benefit EUR.
Asian proxies like AUD and NZD has ran up yesterday, today profit takers and reassessment of risk will tank them.
Trump reelection trade war effect on asian proxies like AUD, NZD, Japan and China has yet to be realized.
Plenty of usd risk events this week has been finalized and EUR are getting some benefit today
etc
What do you think?