National Australia Bank technical analysis 'Views in brief':
AUD/USD
ST View:
- Bullish
MT View:
- Neutral
Key technical analysis drivers and view:
- The 2017 uptrend has produced repeated failures ahead of key resistance levels around 0.7750. The recent weeks have produced some bullish ST/MT triggers that confirm an interim uptrend bias. Probable test of 0.7750/0.7835
NZD/USD
ST View:
- Bullish
MT View:
- Bullish
Key technical analysis drivers and view:
- The bullish five-week reversal pattern completed in May has been complimented by a bullish monthly reversal pattern. Positive MT momentum triggers confirm a bullish multi-week directional bias. Resistance at 0.7300/50 holds the key
AUD/NZD
ST View:
- Neutral
MT View:
- Bullish
Key technical analysis drivers and view:
- The recent decline has confirmed a sustainable MT downtrend bias with the weekly close below 1.0591. While below 1.0591, key support at the lower weekly Bollinger band (1.0380/90) remains under threat. MT direction is now subject to the price response to 1.0380/90.
