GBPAUD Analysis
GBPAUD has retested the broken uptrend line twice and now the market is moving in a descending channel.
After the confirmation of the downtrend movement, GBPAUD sell signal given.
GBPAUD has reached the take profit target successfully.
UK POUND: Bank of England members rate hikes chances
Bank of England expected to do rate hikes earlier than expected, as News reported.
And Bank of England Governor Andrew Bailey suggested that Running inflation in the UK is much hotter than expected. We must cool by hike interest rates in the near term as possible.
Hawk Michael sanders joined with Bailey supported for Voting to hike rates in the near term.
So GBPUSD and GBPJPY rose in the market after the Hawkish bias rate expected at the end of 2021.
Australian Dollar: New south Wales removed lockdowns
Australian Dollar moves higher after New South Wales 100-day lockdown came to an end as partially released lockdown from the city.
And the Vaccination rate 70% crossed in New South Wales, so passengers are allowed to travel to other countries who have finished 2 doses of Vaccination.
Now China also admits Coal imports more from Australia, and Revenues in Exports triggered higher.
And any time, AUDUSD will shot up higher if China makes more imports from Australia.
As China facing more Power difficulties and Bitcoin mining companies used more power in past years, Due to the Government ordered to shut down Bitcoin mining areas and No Crypto transactions to use.
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