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GBP/AUD reversed from resistance area

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  • GBP/AUD reversed from resistance area
  • Next sell target - 1.8170

GBP/AUD recently reversed down from the resistance zone lying between the resistance level 1.8500 (former monthly high from March) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Evening Star. GBP/AUD is expected to fall toward the next sell target at next support 1.8170 (low of the previous correction 4).

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