NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance…
GBP/AUD rising inside sharp C-wave
- GBP/AUD rising inside sharp C-wave
- Next buy target - 1.7780
GBP/AUD continues to rise inside the sharp minor impulse wave (iii) - which previously broke above the key resistance level 1.7210 (which stopped earlier wave A and which was set as the buy target in our previous forecast for this currency pair). The breakout of the resistance level 1.7210 accelerated the active minor impulse wave (iii) and iii – both of which below to the sharp C-wave from the middle of March.
GBP/AUD is expected to the next buy target at the next resistance level 1.7780 (top of the previous minor B-wave from last September).
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…