EURO AUSSIE PNF ANALYSIS

The price action not breaching the upper bollinger band suggests that upward bias has temporarily wrested. The price action going below the Moving average (MA) line should be a decisive clue for softening of this currency pair. Both technical indicators exhibits a bearish outlook as the line bounces off the horizontal resistance line of 1.56-1.57.
aussieEURAUDeurotechnicalTechnical Analysis

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