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Daily Analysis By FXGlory
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[QUOTE="FXGlory Ltd, post: 340263, member: 106971"] [B]GBPAUD Analysis - 14th March 2024 [ATTACH type="full"]60361[/ATTACH] Time Zone: GMT +2 Time Frame: 4-Hour (H4)[/B] On the H4 chart, GBPAUD showcases a clear bearish trend, positioned below the Ichimoku cloud, marked by ongoing lower highs and lows. The RSI, positioned under 40, highlights a prevailing bearish momentum, which is further affirmed by the MACD's bearish orientation. The currency pair finds immediate support at 1.93285, with resistance observed near 1.94715. Influences on this pair's direction include UK and Australian economic indicators and the broader sentiment toward global risk, underscoring the importance of vigilant risk management in face of potential price volatility. [B]Disclaimer[/B]: This analysis is intended for informational purposes only and does not constitute investment advice. Prior to making any trading decisions, traders are advised to conduct their own research and evaluate their risk tolerance. [B]For further in-depth market insights and strategic trading advice, visit FxGlory.com FXGlory 14.03.2024 [ATTACH type="full"]60362[/ATTACH][/B] [/QUOTE]
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