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 support area
2019-11-11 • Updated
- GBP/AUD broke support area
- Next sell target - 1.7200
GBP/AUD recently broke the support area lying at the intersection of the key support level 1.7600 (which has been reversing the price from the middle of February) and the 61.8% Fibonacci retracement of the previous sharp medium-term impulse wave (C) form the middle of January. GBP/AUD is expected to fall further toward the next sell target at next support level 1.7200. Strong resistance now stands at 1.7600.
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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