ferrytrader
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since Apr 11, 2020
aud
chartpattern
gbp
gbpaud
trendanalysis
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Continuing on my previous analysis, I can notice the pair hitting a long term support trend line and expecting to turn long. Possible continuation of downward trend can be expected as well until meeting the lower support. Independently, a long trend is expected over the next 30days.
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Seeing current strong rise in NZD over CAD has hit upper trend line and will result in significant drop over the period of next couple of days.
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Seeing that test of long term multi-year upper trend has not resulted in upward break, GBP will continue to weaken over AUD in a long term.
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