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Aug 27 - 05:00 PM
AUD/USD, AUD/JPY: Long-Term Sell Signals - ING
First appeared on eFXplus on Aug 27 - 12:45 PM

ING discusses AUD/USD, and AUD/JPY technical outlook and flags long-term sell-signals in the 2 pairs.

AUD/USD:

"Long-term trend: Down. Sell signal after weekly close, below horizontal support around 0.6840.

Short-term trend: Down. No strength within the consolidation in the downtrend," ING notes. 

AUD/JPY:

"Long-term trend: Down. Sell signal after weekly close below crucial horizontal support at 72.15

Short-term trend: Neutral. Still consolidating above the lower end falling trend channel at around 70.50," ING adds. 

Source:
ING Research/Market Commentary

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