Interesting charts June 5th 2015
National Australia Bank – down 20% since April and testing the lower side of a two-year range. If support is going to be found this is the area amid a short-term oversold condition.
Japanese Yen per 1 US Dollar – extends the breakout to new highs and a clear downward dynamic would be required to check momentum beyond a brief pause.
Germany – continues to revert towards the mean as it posts a new closing low. The 11,000 area will need to hold if medium-term scope for continued higher to lateral ranging is to be given the benefit of the doubt.
