AUD/USD: M-Term Downtrend At Risk On Daily Close Above 0.7200/25 – NAB

The Australian Dollar is looking for a new direction after escaping the abyss and held above 0.70. What’s next? Here is their view, courtesy of eFXdata:  NAB discusses AUD/USD technical outlook and flags a scope for a near-term bullish reversal on a daily close above 0.7200/25. “Series of lower highs / lower lows (MT downtrend structure) […]

The post AUD/USD: M-Term Downtrend At Risk On Daily Close Above 0.7200/25 – NAB appeared first on Forex Crunch.

Add a Comment