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GBPAUD Might Extend Its Recent Pullback

Discussion in 'Technical Analysis' started by Kaitlin, Dec 10, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Even if the near-term descending trend-channel limited GBPAUD's further decline following the 200-day SMA break, the pair failed to close above its 38.2% Fibonacci Retracement of March – August rally and is eventually witnessing a pullback towards 2.0600 – 2.0580 support-zone re-test, comprising 200-day SMA and 50% Fibo. However, the[​IMG]

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