The National Australia Bank (NAB) says closing above 0.7835 AUD/USD will confirm further growth and provide a chance to open long positions. However, this scenario is still quite far away. On the turn of 2016/2017 lot of difficulties caused different level that was definitely lower – the price fought with him several times and was not able to overcome it eventually. Consolidation on the Aussie may continue for many weeks while maintaining the range of 0.7520-0.7730. Analytical team NAB now assumes the possibility of two scenarios. A stronger correction to 0.7520, where we will look for buy opportunities (as it did in the first half of March) or breaking level 0.7730 – and after a re-test from the top targeting 0.78350.

AUDUSD D1

Leave us a comment!

Error, group does not exist! Check your syntax! (ID: 3)