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24.03.202005:39 Forex Analysis & Reviews: Analysis of GBP/AUD For March 24, 2020

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 24.03.2020 analysis

After the CCI breakout below the -100 level and the previous CCI Low, we know the GBP/UAD pair formed the downward momentum on the 4-hour Chart. The pair is now trying to reach the nearest Liquidity Pool at 1.9533 as its prime target and the 1.9285 as the secondary target. As long as this pair does not retrace higher than 2.0354, the pair is likely to reach its prime target at 1.9533.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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