Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: GBP/AUD steadies around 1.9180, retains bid tone

• GBP/ AUD steadied on  Monday  as   investors looked ahead to upcoming UK inflation data   for more clues on UK interest rate policy.

•  Britain's Office for National Statistics releases its consumer price data on Wednesday. Economists polled by Reuters expect headline annual inflation to hold steady at 2%.

 • The pair  picked up side momentum , a close above  will open  up 1.9250 level  in the short term.

• Technical signals show the pair could gain more ground in the short-term as RSI is bullish at 59,while moving averages are trending higher. 

• Immediate resistance is located at 1.9212(23.6%fib), any close above will push the pair towards 1.9264 (June 14th high).

• Immediate support is seen at 1.9156(38.2%fib) and break below could take the pair towards 1.9111 (50%fib).

Recommendation: Good to buy around 1.9170, with stop loss of 1.9100 and target price of 1.9250
 

  • Market Data
Close

Welcome to EconoTimes

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