GBP/AUD tests 200– period SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate⇒⇒⇗

[ANNOUNCE]The British Pound has declined by 1.66% against the Australian Dollar since August 20. The slide was stopped by the 200– period simple moving average near the 1.8800 level during yesterday's trading session.[/ANNOUNCE]

If the support level formed by the 200– period SMA holds, bullish traders could pressure the GBP/AUD exchange rate towards the 1.9100 area during the following trading session.

However, if the currency exchange rate breaks the support line, a decline towards the weekly support level at 1.8708 could be expected this week.

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