GBP/AUD 4H Chart: Could edge higher

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)NeutralNeutralNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)BuyBuyBuy
Aggregate⇗⇒⇒

[ANNOUNCE]The British Pound has surged by 1.45% against the Australian Dollar since last week's trading sessions. The currency pair breached the 50– and 200– period SMAs this week.[/ANNOUNCE]

All things being equal, the exchange rate is likely to continue to edge higher during the following trading sessions. A breakout through the upper line of an ascending channel pattern could occur.

However, bullish traders could encounter a resistance level at the 1.8070 area during this week's trading sessions.

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