Fri, 11 Nov 2016 14:12:56 GMT
GBP/AUD 4H Chart: Ascending Channel
The Pound has been surging against the Australian Dollar in an ascending channel, which formed in the aftermath of the pair's rebound from the larger scale pattern's lower trend line. On a larger scale, namely the weekly chart, a descending channel, which begins on April 2015 can be seen. Most recently the currency exchange rate reached the ascending channel's resistance