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Thomson Reuters
Jun 06 - 01:24 PM
AUD/USD, EUR/USD: L-Term & S-Term Trends - ING
First appeared on eFXplus on Jun 06 - 11:30 AM

ING summarizes the technical bias for AUD/USD and EUR/USD.

AUD/USD

"Long-term trend: Neutral. Prices successfully tested the solid horizontal support around 0.6840 in the weekly chart

Short-term trend: Up. Building a bullish set-up and waiting for confirmation of higher prices," ING notes.

EUR/USD

"Long-term trend: Down. Still moving within an 8 year falling trend channel

Short-term trend: Up. Prices are trying to break above the upper end of the falling trend channel around 1.1250," ING adds. 

Source:
ING Research/Market Commentary

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