NAB Techs maintains its bearish weekly signals for AUD/USD targeting 0.7150/00 and for NZD/USD targeting 0.6650/0.6700 AUD/USD: The battle between the mutli-year downtrend and the one-year uptrend has been won decisively by the LT downtrend. Recent weekly closes below 0.7610/30 add clarity, however price structure and MT momentum triggers had already provided a host of evidence that confirmed an impulsive negative mutli-week outlook. Interim downside target at 0.7150/7200 is under pressure. No sign of a base forming in the near-term. The case for a large decline is building. NZD/USD: Recent upward spikes have been ... (full story)