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On the 4 hour chart, the GBP/AUD pair is moving in daily downslope Pitchfork Channel and bellow the Moving Average. GBP/AUD is trading with bearish momentum. Now this pair is moving to the lower line from the Pitchfork channel and the first target will be the levels of 1.7573-1.7555. This scenario will not come true of the pair rises to 1.7919.
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The material has been provided by InstaForex Company - www.instaforex.com