GBP/USD Up, AUD/USD Down

Published 10/05/2018, 04:34 AM
GBP/USD
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AUD/USD
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GBP/USD climbs higher driven by the rumours that the divorce deal is very close. First reaction on those words stopped on an important horizontal resistance but buyers managed to break the mid-term down trendline. The price is now creating a right shoulder of the iH&S formation. Breakout of the neckline can bring us a proper sell signal.


Next one is the WTI Oil, which is now testing the 73.8 USD/bbl as a closest support. That line is crucial here as it was the long-term high from June. The price should bounce from this area but even the breakout should not mess with the overall positive sentiment here.


One of the strongest drops right now can be seen on the AUD/USD. No surprise as this pair had one of the best bearish setups in the recent history. Yesterday, the price managed to break the yearly lows, which confirms the negative sentiment here. Currently, we are on the lowest levels since the February 2016 and we are on a good way to test the support on the 0.69

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