GBP/AUD 4H Chart: Decline in short-term

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Buy
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Buy Buy Buy
 SAR(0.02;0.2) Sell Buy Buy
 Aggregate

During the last week, the Great British Pound appreciated about 2.84% in values against the Australian Dollar. The exchange rate reached October 16, 2018, high level at 1.8721 during this short period.

As for the near future, it is likely that the GBP/AUD currency pair will continue its upside momentum. Buyers could drive the rate towards a psychological price level at 1.8800.

However, the currency exchange rate could make a brief retracement towards a support cluster formed by the weekly S1 and the 100-hour simple moving average at 1.8330 during this week's trading sessions.

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