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4 Apr 2014
GBP/AUD stable around 1.7980
FXStreet (Córdoba) - The GBP/AUD closed flat once again on Thursday around 1.7980 for the third day in a row. The pair moved to the downside during all March, falling from 1.8770 until it found support at 1.7870. From there the pair bounced to the upside, recovering just a few pips.
Since the beginning of the current week the GBP/AUD traded above 1.8000 several times but it was never able to hold on top. Price has been attracted by the 1.7960/90 level in the last three days. On Thursday climbed to 1.0877, reaching a 1-week high but quickly pulled back to the mentioned area.
In the short term the pair is moving sideways between 1.8080 and 1.7900, consolidating after the sharp decline that occurred on March, but the wider picture still points to the downside with the price below 1.8150, that was a key support.
Since the beginning of the current week the GBP/AUD traded above 1.8000 several times but it was never able to hold on top. Price has been attracted by the 1.7960/90 level in the last three days. On Thursday climbed to 1.0877, reaching a 1-week high but quickly pulled back to the mentioned area.
In the short term the pair is moving sideways between 1.8080 and 1.7900, consolidating after the sharp decline that occurred on March, but the wider picture still points to the downside with the price below 1.8150, that was a key support.