GBP/AUD 4H Chart: Could edge higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇒⇘

[ANNOUNCE]The Pound Sterling has depreciated about 2.42% in value against the Australian Dollar since August 7. The currency pair tested the lower boundary of an ascending channel pattern at 1.7700 on August 12.
[/ANNOUNCE]
Given that the exchange rate has bounced off the border of the channel pattern, the GBP/AUD pair would likely edge higher within this week's trading sessions. The potential target for the rate will be at the 1.8150 area.

Moreover, the 50-, 100– and 200– period SMAs are providing support for the currency exchange rate at 1.7848 and could help pressure the pair higher during the following trading sessions.

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