Tuesday, May 5, 2015

GBP/AUD Forex Technical Analysis & Trading Strategy for Wednesday, May 06 2015


Technical Analysis : The primary trend of GBP/AUD is bullish but from the past few trading sessions, prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at its rising trend line and having support at the important level of 1.9030. Today if the pair breaks its support level & managed to sustain below it, then we can expect it to test the level of 1.8965/1.8935 in today's session.
GBP/AUD FOrex Technical Analysis & Strategy

Indicators:
MACD has recently breached the zero line, indicating the upcoming bearish trend in the pair.
Strategy :- GBP/AUD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.



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1 comment:

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