GBP/AUD 4H Chart: Could edge up

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)SellBuySell
Aggregate⇒⇒⇒

[ANNOUNCE]The Pound Sterling declined by 1.87% in value against the Australian Dollar during last week's trading sessions. The currency pair tested the lower boundary of an ascending channel pattern at 1.8801 during this period.[/ANNOUNCE]

As for the near future, the GBP/AUD exchange rate could edge higher. Bullish traders might target a psychological resistance level at 1.9200 within this week's trading sessions.

However, a resistance level formed by the 200– period simple moving average at 1.9000 could hinder bulls from pushing the currency exchange rate higher during the following trading sessions.

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