GBP/AUD 4H Chart: Surge likely to continue - Trade Pattern Ideas - Dukascopy Bank
Tue, 06 Aug 2019 06:01:21 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Neutral
Sell
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇗
⇒
⇘
The British Pound has appreciated about 2.37% in value against the Australian Dollar since July 30. The currency pair tested the 200-hour simple moving average at 1.7944 during yesterday's trading session.
Most likely, the exchange rate will continue its upside movement within this week's trading sessions. The GBP/AUD pair could aim for the psychological resistance level at 1.8200.
However, the currency exchange rate could make a brief pullback towards a support cluster formed by the 50– and 100-hour SMAs and the weekly PP at 1.7799 in the coming days.
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