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 http://feedproxy.google.com/~r/Efxnews/~3/mYJNlqpyRb8/euraud-turning-neutral-weekly-close-below-14867-nab

from Online Forex Trading Resource
View thesource article here

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s