Sterling short-term recommendations to adjust the pressure to sell temper

£

GBP / USD:

Sterling / dollar yesterday dropped to adjust. Bank of England on the 8th decided to maintain interest rates unchanged at 4.5 percent. Time chart shows, the pound at 1.8615 today have a very strong blocking, and its exchange rate is expected to fall this disruption and adjustment of the trend. From the medium-term trend analysis, 1.8500 pounds after the break and opened the rose to 1.9000 rise in space, they do not fall below 1.8320 the upward trend will not change, the proposed bargain buying sterling when callback. Today, the pound against the U.S. dollar resistance at 1.8610, support at 1.8480.

GBP / USD analysis and forecasting:

Support: 1.8500 1.8480 1.8440

Resistance: 1.8580 1.8600 1.8620

Short-term trend: consolidation

Medium-term trend: rising

Long-term trend: rising

Australian dollar

AUD / USD:

AUD / USD fell yesterday to adjust. Time chart below shows, today the Australian dollar can break through 0.7240 again will continue rising, or fall below 0.7200 will see a small 5 wave downtrend. From the medium-term trend analysis, the Australian dollar has opened up room for growth, the recent adjustment long as it does not fall below 0.7120, medium-term upward trend will not change, it is proposed that when the bargain-buying Australian callback. Today, the Australian dollar against the U.S. dollar resistance at 0.7240, support at 0.7140.

AUD / USD Analysis and Forecast:

Support: 0.7200 0.7160 0.7120

Resistance: 0.7240 0.7280 0.7320

Short-term trend: consolidation

Medium-term trend: rising

Long-term trend: down

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