GBP/AUD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The bullish momentum of the British Pound appears to be running out of steam, as the latest wave failed to reach out to the upper line of the emerging channel. The main reason to be bearish in the medium term, however, is the fact that the pair is closing in on the major resistance between 2.11 and 2.12, represented by the upper boundary of the descending channel in the daily chart. Accordingly, while there is a good chance of GBP/AUD rising during the next several days, the downside risks are substantial, and there might soon be a break-out through 2.0820. In this case the first important target will be at 2.0662, followed by the 200-hour SMA at 2.0520.
© Dukascopy Bank SA
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Mon, 11 Jan 2016 08:26:06 GMT

GBP/AUD 1D Chart: Channel Down

Since the last time we looked at GBP/AUD, the currency pair has successfully bounced off the lower boundary of the channel and has nearly completed the bullish correction. The immediate resistance is at 2.09, represented by the monthly R1, but there is likely to be an extension of the rally from 2.0175 up to 2.1150/00, where the advancement should be

Mon, 11 Jan 2016 07:46:04 GMT

GBP/NZD 1H Chart: Channel Up

While the weekly outlook on GBP/NZD is bullish, in the short run there is likely to be a 200-pip sell-off. Even though the hourly and four-hour technical indicators are mostly giving ‘buy' signals at the moment, the currency pair has recently confirmed the upper boundary of the channel, meaning there should now be a downward correction, which may extend to

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