CHART SCALE: Weekly


INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


SUPPORT LEVELS : 1.8



RESISTANCE LEVELS: 1.6


PAIR ANALYSIS :


The GBP/AUD currency pair pattern is in a slighty bullish trend but it could be possible that it can be dominated by a trendless parallel channel considering the two keys level price at 1.8 and 1.6 . The Linear Regression Slope at -0.002 and the Parabolic Sar can support a possible slightly bearish retracement with a support zone around 1.6. The pair can be indicated also in a triangle formation, the retracement around the resistance zone and the 1.65081 level price can be indicated as a possible support to the triangle. A bearish crossing at 1.6087 could be an indication of a bears domination.
It can be evaluated a forecast price level at 1.65089.


FIGURE 1 shows the trendlines




FIGURE 2 indicates the forecasting pattern
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