GBP/AUD 4H Chart: Faces support cluster at 1.8181

Source: Dukascopy Bank SA

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

[ANNOUNCE]The Pound Sterling has appreciated by 2.53% against the Australian Dollar since February 5. The currency pair breached both the 50-, 100-, and 200-hour SMAs during this time period.[/ANNOUNCE]

Currently, the exchange rate is testing a support cluster formed by the combination of the weekly pivot point and the 100-hour simple moving average at 1.8181.

If the cluster holds, it is likely that a short-term surge occurs during the following trading sessions. 

Although, if the currency exchange rate passes the support cluster as mentioned earlier, a decline towards the lower boundary of an ascending channel at 1.7900 could follow.

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