What is the technical outlook for AUD/NZD? Here is their view, courtesy of eFXdata: NAB discusses AUD/NZD technical outlook and highlights the importance of the 1.1044 level for directional bias. “A break above our MT target at 1.1044 will be of huge significance. It will complete the first higher low/ higher high sequence in a decade and confirm that a LT uptrend structure is in play. LT momentum bias is again positive,” NAB notes. “We await the response to our long-held MT target at 1.1044. Bullish MT/LT triggers imply that a break of 1.1044 is most likely in the coming months. This will set our sights on aggressive MT upside targets,” NAB adds. For lots more FX trades from major banks, sign up to eFXplusBy signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Daily Look share Read Next EUR/USD set for a slide to the 1.16 level – Westpac FX Street 2 years What is the technical outlook for AUD/NZD? Here is their view, courtesy of eFXdata: NAB discusses AUD/NZD technical outlook and highlights the importance of the 1.1044 level for directional bias. "A break above our MT target at 1.1044 will be of huge significance. It will complete the first higher low/ higher high sequence in a decade and confirm that a LT uptrend structure is in play. LT momentum bias is again positive," NAB notes. "We await the response to our long-held MT target at 1.1044. Bullish MT/LT triggers imply that a break of 1.1044 is most likely in the coming… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
