GBP/AUD 4H Chart: Bounces off support - Trade Pattern Ideas - Dukascopy Bank
Tue, 12 Nov 2019 06:26:34 GMT
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)
Buy
Sell
Buy
Aggregate
⇗
⇒
⇗
The British Pound bounced off the 200– period simple moving average against the Australian Dollar on November 7. As a result, the currency pair has appreciated about 1.38% in value.
By and large, the 200– period SMA will most likely continue to guide the exchange rate higher within this week's trading sessions. The potential target will be at the upper boundary of an ascending channel pattern at 1.9222.
If the resistance level, formed by the upper border of the ascending channel pattern holds, a downside reversal could occur during the following trading sessions.
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