Weekly
8 period moving average has crossed above the 16 period moving average. Referring to a monthly chart this could be the dip in order for the long term up trend for this pair to continue.
Daily
Looking at the daily chart, a head and shoulders pattern has formed. The resulting neckline can be drawn in two ways:
1. Horizontal at 0.91 - in line with the...
After maintaining rates of both the RBA and the BOE the price of GBP / AUD has continued to trend downward from the average of bullish channel. In the next weeks we could to see a repeat of the bullish pattern of represented for the first elliot waves in the graph, close to the parliamentary elections in UK . Remember that next month the RBA could eventually to...
