GBPAUD to go up!

13 thg 1, 2023

Looking at the chart, we can see that the pair seem to have found floor at the zone (1.74988 - 1.74805), which could serve as a support level going forward. In my opinion, the technical analysis suggests that the GBP/AUD currency pair has the potential to rise higher in the short-term with a target at 1.7570, 1.7620 and 1.7670 respectively. Confirmed by a bullish divergence on TDI, GBPAUD might rally to the upside as expected.