Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
GBP/AUD reversed from support zone
- GBP/AUD reversed from support zone
- Next buy target - 1.7730
GBP/AUD recently reversed up from the support zone lying between the support level 1.7380 (low of wave (b) from January) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Piercing Line – which started the active correction (4). GBP/AUD is expected to rise further toward the next buy target at the next resistance level 1.7730 (high of the Shooting Star from last Friday).
While biotech companies are struggling to find the vaccine, investors make bets who’ll win this race.
There are many things happening in the UK. What is the strategic outlook for the GBP?
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?