– GBPAUD reversed from pivotal support level 1.8945
– Likely to rise to resistance level 1.9400
GBPAUD currency pair recently reversed up from the pivotal support level 1.8945 (which has been repeatedly reversing the pair from the start of July) intersecting with the lower daily Bollinger Band and support trendline of the daily down channel from August.
The upward reversal from the support level 1.8945 stopped the C-wave from the start of September.
Given the clear daily uptrend and strong AUD sales across the FX markets, GBPAUD can be expected to rise further toward the next resistance level 1.9400.
Saturday's statistics from China added to fears of a slowdown in the world's second-largest economy,…
Market Picture The crypto market started the weekend on a positive note but has been…
Influential financial media are promoting the need for a 50-basis point rate cut. The Fed's…
GBPCAD reversed from strong resistance level 1.7850 Likely to fall to support level 1.7700 GBPCAD…
- Ebay broke resistance level 62.00 - Likely to rise to the resistance level…
After three weeks of consolidation, gold moved decisively upwards, hitting a record above $2572 per…
This website uses cookies