GBP/AUD decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralBuyNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate

The British Pound has declined by 1.82% against the Australian Dollar since October 18. The 50– period simple moving average has continued to pressure the currency pair lower since the middle of September.

Technical indicators suggest selling signals on the 4H and daily time-frame charts. Most likely, sellers may continue to pressure the exchange rate lower during the following trading sessions.

However, the support level at 1.8250 could provide support for the GBP/AUD currency exchange rate in the shorter term.

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