01.21.2022

DAILY CHART : If this closes below the line it becomes a significant negative close, opening up another 8%-9% decline. We have to watch the close.

In the event that this becomes a rout, EUR-CROSSES will perform extremely well.

EURAUD

WEEKLY CHART: As you can see, the reflation trade that benefited the NASDAQ so well, also benefited AUD. A corrective move would have the same effect.