GBPAUD has been on a remarkable rally since yesterday, putting strong efforts into exiting the range-bound trading started in early February. The pair managed to touch the 1.8010 handle today, a level last seen in June 2016, but in the four-hour chart, momentum indicators suggest that the market could be overstretched.Positive sentiment dominates in the market as long as prices hold above their 20-period simple moving and the Ichimoku cloud. The MACD is well into positive territory and is also a…
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