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Sep 03 - 05:00 PM
AUD/NZD, EUR/USD, EUR/JPY: L-Term & S-Term Trends - ING
First appeared on eFXplus on Sep 03 - 03:40 PM

ING discusses AUD/NZD, EUR/USD, and EUR/JPY technical outlook.

AUD/NZD

Long-term trend: Up. Bullish price pattern suggests long-term target around 1.1175

Short-term trend: Up. Nearing the strong horizontal resistance at around 1.0710

EUR/USD

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

Short-term trend: Neutral. Sell-off on a short-term basis, but limited downside

EUR/JPY

Long-term trend: Down. A test of the solid horizontal support around 111.95 should be expected

Short-term trend: Neutral. A small bounce is possible, but limited upside potential

Source:
ING Research/Market Commentary

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