AUD/USD: A Monthly Close Below 0.7315/30 Would Target 0.6800/50 – NAB

The Australian dollar has been suffering on trade wars. How low can it go? Here is their view, courtesy of eFXdata: NAB discusses AUD/USD technical outlook and flags a bearish setup upon a break of the 2 year parallel uptrend channel at 0.7315/30.  “Weekly hammer candle last week implies that LT support should hold on a […]

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