Friday, December 13, 2019
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GBP/AUD 20/08/18 | EconAlerts

Technical Analysis – GBP/AUD below a descending trend line

GBP/AUD ticks higher but still holds below a descending trend line. GBP/AUD is paring some of the losses from previous days but remains in a descending movement that has been holding since April 26. The pair exited from the trading range between 1.8180 and 1.8475 around mid-May and retreated sharply, posting a seven-month low of 1.7280 on August 9. The technical indicators,

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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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