The pound and the Australian dollar often go in opposite directions. How is the cross set to move? Here is their view, courtesy of eFXdata: NAB discusses GBP/AUD technical outlook and adopts a bullish bias in the medium-term. “The uptrend structure in play since 2016 has not been impacted in any way by the recent downward correction. The impulsive January uptrend broke above the daily Bollinger band on consecutive days. Corrections from such breakouts often hold the 20-day MA before re-asserting their trend…Awaiting renewed positive ST momentum,” NAB notes. “We anticipate the renewed uptrend bias retesting recent highs at 1.9730/60 in the coming weeks. A monthly close above 1.9738 will set up a likely challenge of LT trend resistance at 1.9950+,/’ NAB adds. For lots more FX trades from major banks, sign up to eFXplus By signing up for 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 Ethereum Price Analysis: ETH/USD critical daily support being tested as bears take control FX Street 2 years The pound and the Australian dollar often go in opposite directions. How is the cross set to move? Here is their view, courtesy of eFXdata: NAB discusses GBP/AUD technical outlook and adopts a bullish bias in the medium-term. "The uptrend structure in play since 2016 has not been impacted in any way by the recent downward correction. The impulsive January uptrend broke above the daily Bollinger band on consecutive days. Corrections from such breakouts often hold the 20-day MA before re-asserting their trend...Awaiting renewed positive ST momentum," NAB notes. "We anticipate the renewed uptrend bias retesting recent highs at 1.9730/60… 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.
