GBP/AUD chart on Trading View used for analysis
- GBP/AUD is trading largely unchanged on the day at 1.8214 at 1230 GMT.
- The pair hit session highs at 1.8259 and lows of 1.8182, bias remains higher.
- Price is extending higher in 'Rising Channel' pattern, and has bounced off channel base.
- The pair has broken above 21-EMA nd technical indicators support further upside.
- Next major reistance lies at 76.4% Fib at 1.8370 ahead of 1.8522 (Jan 25 high).
Support levels - 1.8147 (61.8% Fib), 1.8119 (21-EMA), 1.8055 (channel base)
Resistance levels - 1.8370 (76.4% Fib), 1.8522 (Jan 25 high), 1.8563 (Oct 16 high)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
