GBP/AUD 4H Chart: Breaking of junior pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

During the previous review of the British Pound against the Australian Dollar the main attention was focused at the fact that the pair was in a very narrow channel down pattern.  

The pair was approaching a significant level, which was represented by the combined resistance of the 200-period SMA and the upper trend line of the junior pattern. Although, as the level was watched, it was broken, forcing a new review.

It was discovered that there was support at the 1.7350 mark.

Although, the main focus is on the future. I the future the pair should soon hit the lower trend line of a dominant pattern, which should result in a surge.

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