Technical Analysis – GBPAUD breaks out of sideways move, giving the reins to sellers

GBPAUD slid into a four-month trading range on February 19, with lower boundary of 1.8115 and an upper boundary of 1.8865, which two weeks ago, was broken aggressively to the downside, initially finding support at 1.7870. A pullback last week has sellers again reloaded for another test. The short- and medium-term simple moving averages (SMAs) […]