GBPAUD opened this week with the sharp downward gap, which broke the key support level 1.8500 (low of the previous short-term impulse wave (i)).
The breakout of the support level 1.8500 should accelerate the active intermediate impulse wave C of the medium-term ABC correction (B) from March.
GBPAUD is expected to fall further and retest the next support level 1.8300 (low of the previous short-term corrective wave (b)).
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
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