ForexGen Trend of The Day: GBP/AUD

The Daily Trend for the Day: GBP/AUD


GBPAUD appears to have completed its 3 wave correction to the 61.8% Fibonacci support area after reaching new highs back in October.

MACD is below the zero line but heading upward and Stochastics is point up as well. Look for the 2.6000 to be reached in the coming days. A break below the 2.1550 area would invalidate this bullish scenario.
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