AUD/USD could duplicate a bullish cycle
AUD/USD has been gaining momentum across the board and the price action is consolidating well above the 200 SMA at H1 chart…
GBP/AUD broke combined support area
- GBP/AUD broke combined support area
- Next sell target - 1.7200
GBP/AUD today broke through the combined support area lying between the key support level 1.7380 (which has been reversing the price from the end of November, as can be seen from the daily GBP/AUD chart below), support trendline of the daily up channel from September and the 38.2% Fibonacci correction of the upward impulse from October. GBP/AUD is expected to fall toward the next sell target at the next support level 1.7200.
Dmitry Chernovolov
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