EUR/AUD: Turning Neutral On a Weekly Close Below 1.4867 – NAB

NAB FX Technical Strategy Research  notes that a weekly close in EUR/AUD below 1.4867 would place the immediate uptrend bias on hold.

Below that, NAB points to the 1.4616 level which has been the key level for confirming the renewed positive MT momentum bias implying that the subsequent upswing is sustainable on a multi-week basis.

Source: NAB Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews

from Online Forex Trading Resource
View thesource article here


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