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Nov 22 - 01:24 PM
AUD/USD: Maintaining A Low-Conviction Bias Until 0.69-0.70 Range Is Broken - NAB
First appeared on eFXplus on Nov 22 - 12:00 PM

NAB discusses AUD/USD technical outlook and maintains a low-conviction bias around current levels.

"The recent decline has returned momentum bias to a more neutral state when assessed across multiple time frames," NAB notes. 

"MT support and resistance levels are of equal magnitude in our opinion. We anticipate AUD/USD holding an approximate 0.67 to 0.69 range in the coming weeks. Until this range is broken we maintain a low conviction regarding MT directional bias," NAB adds. 

NAB Research/Market Commentary


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