FxGrow Daily Technical Analysis – 09th March, 2016
By FxGrow Research & Analysis Team
GBPAUD - after 5 weeks of falls it's time to look for the correction
GBPAUD falls since 5 weeks. Correction has to occur in all trends even in as strong as this. Current level give a chance that rebound may occur at the moment. Price reached support in 1.8970 - 1.8820 area. Of course you can't count on trend reversal, but some correction in such oversell price should occur. If price rebounds nearest target for falls will be at 1.9280.
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