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GBP/AUD 16/03/2018 | EconAlerts

Technical Analysis – GBP/AUD

GBP/AUD bulls break 1.8000 and enter the overbought territory. GBP/AUD has been on a remarkable rally since yesterday, putting strong efforts into exiting the range-bound trading started in early February. The pair managed to touch the 1.8010 handle today, a level last seen in June 2016, but in the four-hour chart, momentum indicators suggest that the market could be overstretched. Positive

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