Mon, Oct 26 2009, 12:49 GMT
by Anthony Samaha
(26October US) Latest Impact: GBPAUD – Posting same wave again!
GBPAUD, after passing a warn 2 weeks ago that a climb was on the way slowly towards 17900 and the pair managed to go beyond the target by a figure, last Friday it fell back to a support zoning band @ 176-175. This crucial zoning 17600 – 17500 is a buy level again for a trendline resistance aim dated Aug-Sep which reads today18200. Only a closing back below 17405 halts the ascending channel temporarily, which may happen, as AUD Dollar up trend is not giving up yet, not before visiting 9400/9450. If that bearish close materialises, only buying back the close above 17600 is important to hit the 18200.
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Published on Mon, Oct 26 2009, 12:51 GMT
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