GBP/AUD 4H Chart: Bulls market

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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) Sell Buy Buy
 Aggregate ⇒ ⇗ ⇗

[ANNOUNCE]The Pound Sterling increased by about 1.91% in values against the Australian Dollar during the last week. The currency pair breached February 8 swing high of 1.8350 during this short period.[/ANNOUNCE]

Everything being equal, it is likely that the British Pound will continue to gain strength during the following trading sessions. Buyers could push the exchange rate towards a resistance cluster formed by the weekly and the monthly pivot points at 1.8501. 

Meanwhile, technical indicators flash bullish signals on both the daily and weekly time frames.

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