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 reversed from resistance zone
2019-11-11 • Updated
- GBP/AUD reversed from resistance zone
- Next sell target - 1.7400
GBP/AUD continues to fall after the earlier downward reversal from the resistance zone lying between the strong resistance level 1.7900 (which has been reversing the price from November) and the upper daily Bollinger Band. The downward reversal from the resistance zone created the daily Japanese candlesticks reversal pattern Bearish Engulfing. GBP/AUD is expected to fall toward the next sell target at the next support level 1.7400 (low of the previous wave (b)).
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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