Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro:GBP/AUD maintains bullish bias with focus on 1.7800

• GBP/AUD gained on Wednesday as investors reassessed the Bank of England's (BOE) rate outlook.

• Bulls have tightened their grip after registering a close above the 50%fib,scope grows for bigger gains towards 1.7800 

• Technical signals are strongly bullish  as RSI is bullish at 52, 5, 9,11 DMAs are trending up. 

• Immediate resistance is located at 1.7784(38.2%fib), any close above will push the pair towards 1.7886(Higher BB).

• Immediate support is seen at 1.7710(10DMA) and break below could take the pair towards 1.7619 (50%fib).

Recommendation: Good buy around 1.7710, with stop loss of 1.7650  and target price of 1.7820
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.