GBP british pound sterling
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gbp:aud tech analysis, page-3

  1. 10cents
    2,397 Posts.
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    08/02/11
    14:04
    Post #: 7859076
    AUD/GBP Weekly Chart shows the AUD steadily rising against GBP for over two years now. The bottom corresponds with the Lehman/GFC scare of late 2008.
    More recently, price seems to have bounced off the supporting channel where it looks as though it will rise again. This is supported by a positive crossing of the stochastic. However intraday falls from current 0.6280 levels are possible without affecting the weekly chart.
    A weekly close below 0.6150 could break the uptrend.

    No advice or trade suggestion given.

    Price at posting: 0.0000 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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