CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 1.80029
RESISTANCE LEVELS: 1.6097
PAIR ANALYSIS :
The GBP/AUD currency pair pattern is in a slighty bullish trend but it could be possible that it can be dominated by a slightly bearish tendency considering the possible retracement at 1.7002 zone with the two keys level price at 1.73031 and 1.65982. The Linear Regression Slope at 0.0002 and the Parabolic Sar can support a possible a trendless tendency. The UK export after the Brexit have support from the depreciation of the Pound, the retracement of the GBP could logically suggest a new possibility of lower value for export. The pair can be indicated also in a channel formation. The MFI and the Parabolic Sar analysis seems to support a slightly bearish tendency.
A bearish crossing at 1.60977 could be an indication of a bears domination.


FIGURE 1 shows the trendlines
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