GBPAUD KEEPS FALLING
Since Europe and UK would be hit hardest from fuel supply insecurity and the measures against the Russian Federation, investors moved their capital in less riskier currencies and GBP was hit by a sell-off.
On the other hand, Australia is not endangered by fuel supply insecurity, but the Reserve Bank of Australia did not raise the interest rate due to the concern that the wages will fail to keep up with the price increases.
Currently both MACD and RSI are showing a slowing down trend, but it is still early for a reversion. If the trend continues it might try to test it's previous resistance of 1.8248 from December. If we observe a reversion on the other hand, the instrument will first try its resistance of 1.8375.
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On the other hand, Australia is not endangered by fuel supply insecurity, but the Reserve Bank of Australia did not raise the interest rate due to the concern that the wages will fail to keep up with the price increases.
Currently both MACD and RSI are showing a slowing down trend, but it is still early for a reversion. If the trend continues it might try to test it's previous resistance of 1.8248 from December. If we observe a reversion on the other hand, the instrument will first try its resistance of 1.8375.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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