GBPAUD’s Bearish Bias Persists; Downside Risks Grow

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GBPAUD's Bearish Bias Persists; Downside Risks Grow

GBPAUD dived below the April and February 2021 lows of 1.7739 and 1.7688 respectively today, recording a near 14-month low of 1.7655 following an aggressive one-and-a-half-month decline, which began around the beginning of February. The dip in the 100- and 200-day simple moving averages (SMAs) indicates sellers' recent dominance in the pair, and the diving […]

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