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GBP/AUD Analysis, Chart, and Trading Idea

19.04.2023

Market Review

Analytics for GBP/AUD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator.

Trading idea:

Buy at the breach 1.8500

Stop-loss: 1.8395

Target price levels: 1.8590, 1.8680

Author: GC

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