Note: This section contains information in English only.GBP/AUD took a small step above the two-day channel down pattern, which it had stepped out of for a few hours. The pair has just stepped underneath the bottom Bollinger Band at 1.6861 and has just one more level left at 1.6785 before it reaches the bottom trend-line at 1.6751. This fall should have to come almost vertical in order to maintain the established motion, which makes us believe that the trend-line could be reached later than implied by the channel, after making the motion flatter. Given the current consolidation we doubt that the channel will indeed be a good proxy for the nearest future, meaning that the pair should be watched closely for a conclusive breakout.
Thu, 08 Dec 2016 09:02:14 GMT
Source: Dukascopy Bank SA