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Add as a preferred source on Google FxWirePro: GBP/AUD breaks strong resistance at 1.8640, good to long dips GBP/AUD extends upside after breaking strong trendline resistance at 1.8640. Technical indicators suggest further upside in the pair. RSI strength seen at 54, Stochs and MACD are biased north. We see a bullish crossover …
By FxWire Pro Apr 26, 2016, 7:15 AM UTC
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GBP/AUD extends upside after breaking strong trendline resistance at 1.8640.
Technical indicators suggest further upside in the pair.
RSI strength seen at 54, Stochs and MACD are biased north.
We see a bullish crossover of 5-DMA over 10-DMA.
Immediate support and resistance are located at 1.1828 (5-DMA) and 0.8850 (March 25th highs).
Recommendation: Buy dips around 1.8810/20, SL: 0.8760, TP: 1.8850/1.8890/1.89
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