- The GBP/AUD pair carries forward its previous day bounce to a shade lighter than 1.8200 round figure on Thursday’s early Asian trading session.
- A 2-week long descending trendline around 1.8260 can become immediate target for the pair bulls, break of which can accelerate the pair’s advances to the 1.8310.
- In case prices continue rising above 1.8310, the January month high near 1.8515 and the 61.8% Fibonacci expansion (FE) of the pair’s recent pullback moves, at 1.8680, seem crucial resistances to observe.
- Alternatively, the 1.8100 and the 1.8000 mark may offer immediate supports to the pair ahead of diverting market attention to the 1.7880 support-line stretched since early December 2018.
- If at all the quote slips under 1.7880 then the 1.7740 and the 1.7600 are likely next supports to grab limelight.
GBP/AUD 4-hour chart
GBP/AUD
Overview:
Today Last Price: 1.8192
Today Daily change: 286 pips
Today Daily change %: 1.60%
Today Daily Open: 1.7906
Trends:
Daily SMA20: 1.806
Daily SMA50: 1.7861
Daily SMA100: 1.7981
Daily SMA200: 1.7887
Levels:
Previous Daily High: 1.8125
Previous Daily Low: 1.7869
Previous Weekly High: 1.8443
Previous Weekly Low: 1.7937
Previous Monthly High: 1.8796
Previous Monthly Low: 1.7612
Daily Fibonacci 38.2%: 1.7967
Daily Fibonacci 61.8%: 1.8027
Daily Pivot Point S1: 1.7808
Daily Pivot Point S2: 1.771
Daily Pivot Point S3: 1.7552
Daily Pivot Point R1: 1.8064
Daily Pivot Point R2: 1.8223
Daily Pivot Point R3: 1.8321
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