| Indicator | 1D | 1W | 1MN |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Sell | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Sell | Sell |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇘ |
After the recent fundamental developments in the UK the British Pound has jumped. However, the move was expected on the larger scale charts.
The GBP/AUD is no exception to the just described rule. It can be observed on the daily timeframe chart that the pair had closely traded near the lower trend line of a long term support line. Meanwhile, the 23.60% Fibonacci retracement level at the 1.62 mark was supporting the trend line.
As a result the surge could have been expected. However, it seems that the jump is about to be over, as the pair is approaching a strong resistance cluster near the 1.70 mark.