GBP/AUD – close to support of the channel

GBPAUD has been moving in the growth channel since 30 July last year. The distance between support and channel resistance is nearly 1000p, which is not surprising, as GBPAUD belongs to pairs with high volatility. Last week, daily candles from January 7th and 8th formed an inside bar formation. On Friday, the price overcame the minimum of the formation and is moving in the direction of support of the mentioned channel. GBPAUD Daily This week, a trade agreement is to be signed between the US and China, which may have…

Read More