USDTND trade ideas
Tunisia Dinar -Emerging-Market-MeltdownAfter Turkey, Tunisia is also in a massive loss of popular confidence in its own government. We see this nicely by the Elliott waves in the form that the Tunisian dinar to the US-dollar should be in a 5 of wave-III of wave (-III).
The devaluation will continue until there is either a trusting new government or at some point the military on the side of the people and the current government puts out of office to start a fresh start.
As it is a nuisance of the "elected" professional politicians worldwide to stick to the office / chair instead of governing for the people.
These are the two variants to restore the basis of each currency, TRUST, because the current government is no longer suitable for it.
But that still means that there is at least 20% more devaluation in the room and that is more likely to be seen as the lower end of the flagpole.
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