GBP/AUD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The British Pound has been following a bullish trend versus the Aussie for more than a month. After the pair surpassed its 200-and 50-hour SMAs in mid-November, it expedited its rally and commenced a formation of the channel up pattern that was 149-bar long at the moment of writing. Several hours ago the pair touched a two-year high but retreated shortly after the peak was reached. However, market players believe the weakness may be short-lived; 82.93% of traders bet on appreciation of the pair.
© Dukascopy Bank SA
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