The currency pair Pound Australian Dollar GBP/AUD is trading at 1.6177. The pair continues to move in the downward trend and currently is testing the densely moving average with a period of 55. We should expect the test of the upper Bollinger Bands indicator border at the level of 1.6280, where one can try to sell the pair conservative with close stop loss.
Bollinger Bands forecast GBP/AUD on March 6, 2017
Cancellation option will be the fall of the strong growth and the breakdown of 1.6305 area, which indicates the potential change of the trend in favor of the rising. The first goal of the fall is the area below the 1.6005 level, the field sample points to accelerate the fall of quotations pair GBP/AUD.
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