Technical Analysis of Weekly Price Movement of GBP/AUD Cross Currency Pairs, Tuesday October 31, 2023.
October 31, 2023 6:27 am
With the appearance of deviation between price movement with CCI indicator which coicidentaly successfully breakout under its uptrend line, gives the clue that GBP/AUD move in weak condition where currently on the weekly chart, GBP/AUD is trying to break below the level 1,8854, as long as there is no upward correction exceed above the level 1,9557 and turns out that the level of 1,8854 managed to be broken below, then GBP/AUD has the potential to going downward up to the level 1,8496 as the main target and level 1,7218 as the second target.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
With the appearance of deviation between price movement with CCI indicator which coicidentaly successfully breakout under its uptrend line, gives the clue that GBP/AUD move in weak condition where currently on the weekly chart, GBP/AUD is trying to break below the level 1,8854, as long as there is no upward correction exceed above the level 1,9557 and turns out that the level of 1,8854 managed to be broken below, then GBP/AUD has the potential to going downward up to the level 1,8496 as the main target and level 1,7218 as the second target.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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