Baljit Singh

GBPAUD Preparing to Rally

FX:GBPAUD   British Pound / Australian Dollar
On a purely technical basis the GBPAUD             is gearing up to move in favor of the bulls. In the past month and a half its been diverging with the 14 day RSI indicating a bull run is in the making. A third bounce off a support range of 2.0800 - 2.0900 price range as well as a bounce off the lower band of the regression channel will serve as a strong sign the AUD is losing momentum and ready to reverse.
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