GBP/AUD 4H Chart: Stranded between SMAs - Trade Pattern Ideas - Dukascopy Bank
Tue, 25 Jun 2019 04:59:37 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Sell
Neutral
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇘
⇘
⇒
The GBP/AUD currency pair made about 200 base points movement during last week's trading sessions. The monthly pivot point at 1.8424 provided resistance for the exchange rate.
Currently, the Pound Sterling versus the Australian Dollar is stranded between SMAs.
Technical indicators suggest that the currency exchange rate might continue its downward movement during the following trading sessions.
However, a support cluster formed by the weekly S1 and the 100-hour SMA at 1.8272 could help push the pair higher in the short-term.
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