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EUR/NZD 4H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 17, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    GBP/AUD 1H Chart: Channel Up Comment: GBP/AUD is currently trading within the boundaries of a bullish channel, which means further appreciation of the Sterling. At the moment, however, the currency pair is undergoing a bearish correction, and the sell-off may extend down to 2.1350 before we see a new rally. Nevertheless, despite the outlook implied by the pattern and the technical indicators, recovery in the longer term is under question, mainly because of the emerging falling resistance

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