The Australian and New Zealand dollars have seen some divergence. The Aussie is somewhat stuck after rising while the kiwi seems to have momentum. What’s next? The team at NAB examines the antipodean cross with Bollinger Bands: Here is their view, courtesy of eFXnews: NAB FX Technical Strategy Research notes that AUD/NZD bearish weekly reversal pattern completed in March has triggered a multi-week decline that is accelerating beyond the point of being deemed a correction. While weekly closes remain below 1.0591, key support at the lower weekly Bollinger band at 1.0380/90 remains under threat.Last week’s modest bullish reversal has somewhat neutralised the downtrend bias. The sustainability of the MT downtrend relies upon a weekly close below 1.0380/90. AUD/NZD is trading circa 1.0390 as of writing. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next What would the stock markets do if Trump moved out Adinah Brown 6 years The Australian and New Zealand dollars have seen some divergence. The Aussie is somewhat stuck after rising while the kiwi seems to have momentum. What's next? The team at NAB examines the antipodean cross with Bollinger Bands: Here is their view, courtesy of eFXnews: NAB FX Technical Strategy Research notes that AUD/NZD bearish weekly reversal pattern completed in March has triggered a multi-week decline that is accelerating beyond the point of being deemed a correction. While weekly closes remain below 1.0591, key support at the lower weekly Bollinger band at 1.0380/90 remains under threat.Last week's modest bullish reversal has somewhat… 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.
