DislikedNAB discusses AUD/USD technical outlook, and flags a scope for a bullish squeeze in the near-term, especially if the pair manages to close the week above 0.7697. "Intra-week losses have now been fully erased, establishing the potential for a positive weekly reversal pattern upon a weekly close at/above 0.6797. ST momentum has shifted to a positive bias. MT momentum bias is negative, however failure to confirm the recent low in price presents positive risk.," NAB notes. "Our multi-week outlook is highly dependent on the weekly close. Above 0.7697...Ignored
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