GBP/AUD 4H Chart: Breakout could occur

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)NeutralNeutralBuy
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)SellBuySell
Aggregate⇒⇒⇘

[ANNOUNCE]The Pound Sterling has surged by 1.61% against the Australian Dollar since last week's trading sessions. The currency pair tested the 200– period simple moving average at 1.8153 on July 10.[/ANNOUNCE]

All things being equal, the exchange rate could continue to edge higher within this week's sessions. A possible breakout through the upper boundary of a descending channel pattern could occur.

However, the 200– period SMA could still provide resistance for the GBP/AUD currency exchange rate during the following trading sessions.

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