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Weekly forecast British Pound / Australian Dollar technical chart
Symbol GBPAUD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMay 2, 2020 - 19:23
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.99000 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • A trough is formed in daily chart at 1.8960 on 04/30/2020, so more gains to resistance(s) 1.9525 and maximum to Major Resistance (1.9900) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Supports and Resistances:

  1. 1.8365
  2. 1.8075
  3. 1.7880
  4. 1.7560
  5. 1.7285
  6. 1.6860
  7. 1.6550
Click on the level to view price action history.