GBPAUD has recorded extreme losses during the past few weeks, reaching a 12-month low at 1.7731. Since then the pair has witnessed a minor rebound as the negative pressures seem to be cooling off. However, the 50-day simple moving average (SMA) looks ready to cross below the 200-day SMA, reinforcing the thesis of a sustained […]
The post GBPAUD Outlook Remains Bearish Despite the Recent Rebound appeared first on Action Forex.
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