GBP/AUD 4H Chart: Bulls market

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

The Pound Sterling increased by about 1.91% in values against the Australian Dollar during the last week. The currency pair breached February 8 swing high of 1.8350 during this short period.

Everything being equal, it is likely that the British Pound will continue to gain strength during the following trading sessions. Buyers could push the exchange rate towards a resistance cluster formed by the weekly and the monthly pivot points at 1.8501. 

Meanwhile, technical indicators flash bullish signals on both the daily and weekly time frames.

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