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 rising inside minor wave b
2019-11-11 • Updated
- GBP/AUD rising inside minor wave b
- Next buy target - 1.7970
GBP/AUD recently reversed up from the support zone lying between the support level 1.7600 the 50% Fibonacci correction of the previous sharp upward impulse (i). The upward reversal from this support zone started the minor corrective wave b. GBP/AUD is expected to rise further to the next buy target at the major resistance level 1.7970 (top of wave (i) – from where the price is likely to correct down.
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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