Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/AUD broke key resistance level 1.7600
2019-11-11 • Updated
- GBP/AUD broke key resistance level 1.7600
- Next buy target - 1.7800
GBP/AUD continues to rise inside the medium-term impulse wave (3), which started earlier with the daily Morning Star from the support area near the strong support level 1.7350 (which has been reversing the price from June) and the lower daily Bollinger Band. The price today broke the key resistance level 1.7600 – which should accelerate the active impulse wave (3). GBP/AUD is expected to rise further toward the next buy target at the next resistance level 1.7800.
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
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