Good evening, it seems that the AUD is grinding against the Dollar and will inevitably return to the fair value area that it had maintained for some time before the bearish cycle that got cut off early.
The reason for this is the increasing uncertainty about the degree in rate hikes for the Dollar, the increasing problem of inflation for the Dollar, and the risk...
It's time for the GBPNZD to experience pain, the BREAK of bullish channel is likely the beginning of a lot of downside.
Confluence:
NZD had positive fundamentals while GBP had negative fundamentals this week.
I believe the AUS200 is going to create a new high, it's finding support at the trend line indicated in the chart and it's clear that the risk on sentiments will continue through November.
The HK50 has managed to returned to the bottom of its bullish channel that was created on the 1hr/4hr time frame. This kind of price rejection on the downside is positive for the bulls, and the possibility for a continuation on the upside is very likely at this point. We are approaching the end of the year, and we are approaching Thanksgiving. Market participants...
There seems to be indications that the EUR is ready to make an upside move against the Canadian dollar . The signs that would indicate this is a break of the bearish channel that had been created on the daily time frame, and signs of accumulation at the level indicated on the chart.
Buy possibility on the HK50 as we are in an extremely bullish phase, and the HK50 seems to have reentered into its yearly VWAP, looks like it is at a prime buying position!
![AUDUSD: AUDUSD [Return To Fair Value Area]](https://s3.tradingview.com/y/y9ygUE9U_mid.png "AUDUSD [Return To Fair Value Area]")
