?!? Profit This Year:
€136
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GBPAUD halts downslide, turns neutral in short term
GBPAUD has steadied after dropping to an 8-week low of 1.7860 October 30. The pair rebounded to a one-week high of 1.8147 yesterday but is being capped by the long-term ascending trend line, which has been serving as both support and resistance ever since prices first dipped below it in August. A break above this resistance shouldn’t be ruled out in the near term as the stochastic oscillator suggests the positive momentum hasn’t receded completely, with both the %K and %D lines continuing to rise. However, the %D line is fast approaching the %K line, so a bearish crossover is possible in the coming days. Also, ... (full story)