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Mrlfx has taken 28th place in Trader Contest Aug 2018

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AUD is poised to strengthen

AUDUSD is likely to rise. AUD crosses all over are having impact from the political turmoil in Australia. THe currency weaken after the challenge to Turnbull prime ministership which resulted in election of a new prime minister.
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EURAUD is inside a rising channel

EURAUD is charting inside a rising channel. The pair has rebounded from the lower trendline of the channel is likely to move upwards. AUD is also in uncertain territory and weakening because of the political turmoil in Australia.
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