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GBPAUD hits fresh 3 ½-year high; may flatten in short-term
GBPAUD stretched to a fresh 3 ½-year high of 1.9150 on Friday ahead of the Reserve Bank of Australia policy meeting early on Tuesday. The bullish action could take a breather in the short-term according to the RSI which is pointing towards its 50 neutral mark. The MACD, which looks ready to cross under its red signal line, backs this view as well. The 1.8880 mark could immediately curb any potential downside correction and deter the price from sliding towards 1.8720, which was a key support and resistance region in previous sessions. Beneath the latter, the selling pressure could pause near the November low of ... (full story)