Ransquawk

GBPAUD have risen today to the highest levels in the month and is currently testing resistance at 1,7950. RSI indications (66) and day closings above the external Bollinger band on the daily chart is also supporting bulls.

Much depends now on closing of today’s session, which simultaneously ends the week and the current month. If this closure were to occur near the current levels or higher, the range of weekly increases would be comparable to the one that we could see during the recent upward trend in March this year.On the other hand, the return of quotations at the close of the next sessions over resistance at 1,7950 would open the way for increases towards the key barrier at 1.8470, where the maximum that were established in the current year are located. On the other hand, there is a resistance close to1,9000.
I trade on this instrument at  broker XM, which has in its offer more than 300 other assets >>

Leave us a comment!

Ransquawk