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After a breakout from the Raising Broadening Wedge Pattern, this pair now seems to make an upward retracement. However, as long as this pair does not close above the 1.8419 level, the odds are that GBP/AUD will continue to move to the downside to 1.8052 as the first target and 1.7924 as the second target.
The overall bias of GBP/AUD is bullish.
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The material has been provided by InstaForex Company - www.instaforex.com