It is time to get back into fully discussing Brexit as we are now roughly 48 hours away from finding out the mid to long term fate of the pound.
I am just going to start by saying that i recon the British Pound is set to GO UP in value, and quite considerably so if we can avoid a no deal outcome.
Whilst i think the direction will be upwards, lets not forget...
Downside on USDCAD after a bullish afternoon due to the dollars momentum.
Doesn't seem to show the potential to keep going much further on higher time frames, a long with a negative trend capping the price.
EURAUD looks like it will continue to fall after failing to find strong support at the trend line shown.
The price is now comfortably below the 0.5 fibo area, this represents a failure of retracement and further downside.
As per previously on the chart you can see that the price has been limited by a negative trend line acting as resistance.
From this, expect a sell off to support highlighted before another bounce upwards.