AUD/USD: pair to test nearest support

AUD/USD: pair to test nearest support

There's a 'Triple Top', which has been confirmed by the last 'Pennant' and 'Flag' patterns, so the price broke all the Moving Averages. It's likely that the market is going to test the nearest support at 0.7096 - 0.7086 by the local uptrend line. The subsequent pullback from this level could lead to the beginning of an upward correction towards the closest resistance at 0.7131 and the 89 Moving Average.




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The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

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