Tunisian Dinar to 3.5 - 5 then 8 for the dollarGovernment is avoiding external debt resorting to internal funding indebtment, printing dinars... classical inflation to be followed and drop of currency value.
Currency protection policy can hold the value at 3.5 USD to TND, we will see some consolidation there at the edge of the drawn trend line till things will slip out of their control to 5 dinars and 8 dinars (only guessed out of Fibonacci levels) and maybe more devaluation from 8 USD/TND till the country gets back to common sense.
U.S. DOLLAR / TUNISIAN DINAR
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Tunisia Dinar -Emerging-Market-MeltdownAfter Turkey, Tunisia is also in a massive loss of popular confidence in its own government. We see this nicely by the Elliott waves in the form that the Tunisian dinar to the US-dollar should be in a 5 of wave-III of wave (-III).
The devaluation will continue until there is either a trusting new government or at some point the military on the side of the people and the current government puts out of office to start a fresh start.
As it is a nuisance of the "elected" professional politicians worldwide to stick to the office / chair instead of governing for the people.
These are the two variants to restore the basis of each currency, TRUST, because the current government is no longer suitable for it.
But that still means that there is at least 20% more devaluation in the room and that is more likely to be seen as the lower end of the flagpole.
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