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18 Oct 2013
GBP/AUD preparing reversal? Bounce from 1.6764 10-week lows
FXstreet.com (Chicago) - GBP/AUD seems to forge grounds ahead of Stevens’ speech after stellar performance across the board on Thursday.
GBP/AUD Technical Levels
Technically speaking, the pair is offered at 1.6777 and oscillates between supports aligned at 1.6750 (October 15th lows), 1.67 (key support) ahead of 1. 6666 (October 16th lows) and the resistances set at 1.68 (key resistance), 1.6853 (October 15th highs) followed by 1.69 (October 14th highs). On potential reversal after reaching 2-month lows, the pair remains trading at low altitudes but prints higher highs and lows shortly after Tokyo’s opening. According to the FXstreet.com the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
GBP/AUD Technical Levels
Technically speaking, the pair is offered at 1.6777 and oscillates between supports aligned at 1.6750 (October 15th lows), 1.67 (key support) ahead of 1. 6666 (October 16th lows) and the resistances set at 1.68 (key resistance), 1.6853 (October 15th highs) followed by 1.69 (October 14th highs). On potential reversal after reaching 2-month lows, the pair remains trading at low altitudes but prints higher highs and lows shortly after Tokyo’s opening. According to the FXstreet.com the pair is slightly bullish on one-hour timeframe analysis above the EMA20.