Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: GBP/AUD bullish outlook with scope to target 1.9150

• GBP /AUD strengthened on Tuesday  as risk on vibe and increased expectation BoE wll keep rising interest rates higher boosted  pound.

• The pair hit daily high at 1.9104 and was last trading at 1.9064.

• Technical signals indicate bullish momentum, as RSI is at 65, daily momentum studies  5, 9 and 11 DMAs are trending  up.

• Immediate resistance is located at 1.9144 (38.2% fib), any close above will push the pair towards 1.9205 (Higher BB).

• Immediate support is seen at 1.9013(5DMA) and break below could take the pair towards 1.8881(50% fib).

Recommendation: Good to buy on dips around 1.9030, with stop loss of 1.8900, and target price of 1.9150.

  • Market Data
Close

Welcome to EconoTimes

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