
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!
2019-11-11 • Updated
GBP/AUD continues to fall inside the minor impulse wave 1, which belongs to the sharp primary impulse wave ③ from the start of May. The price earlier broke through the support zone lying between the round support level 1.7000 and the 38.2% Fibonacci correction of the previous sharp intermediate impulse wave (C) from the middle of March – which strengthened the bearish pressure on this pair. GBP/AUD is expected to fall to the next sell target at the next support level 1.6450 (previous resistance level from February).
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/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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