EUR/USD V EUR/AUD V AUD/USD

In this currency market Triangular relationship, both EURUSD and AUDUSD Trade above respective vital high/ Low points at 1.1104 and 0.6853 while EURAUD trades below vital 1.6204.

EURAUD at current 1.6142 is deeply oversold while nothing special exists in highly neutral Statistical readings in EURUSD and AUDUSD.

Highly oversold EURAUD is confirmed by deeply overbought AUDEUR. Further confirmed by a AUDEUR noise ratio ready for explosion.

To rectify EURAUD, it must break 1.6204 and EURUSD must Trade higher while AUDUSD must travel lower.

Many Triangular mis matches exists.

For Example, USDJPY Trades above 108.77, EURUSD above 1.1104 and EURJPY above at 120.79.

Either EURUSD and EURJPY must break below or USDJPY must Trade below.

Same for GBPUSD, and GBPJPY and USDJPY.

USDCAD below 1.3207, CADJPY above 82.38 and USDJPY above 108.77 is a correct relationship.

CAD relationships to all Cross pairs for the most are fine.

USDCHF at break below 0.9871 to trade below is correct to EURUSD above 1.1104 but not necessarily correct to EURCHF below 1.0969. A correlation remains at play here.

 

Brian Twomey

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