GBP/AUD tests 100-DMA, stay long on close above
GBP/AUD tests 100-DMA, scope for further upside on close above.
Technical studies are biased higher. Momentum bullish with RSI strong and rising.
We exidence bullish divergence on Stochs which adds to the upside bias.
Next major bull target lies at 61.8% Fib at 1.8082, breaka bove could see further upside.
On the flispide, 55-EMA is strong support at 1.7840, break below could see minor weakness.
Violation at 200-DMA to invalidate bullish bias.
Support levels - 1.79, 1.7840 (55-EMA), 1.7796 (5-DMA)
Resistance levels - 1.80, 1.8080 (61.8% Fib), 1.81
Stay long on close above 100-DMA, SL: 1.79, TP: 1.80/ 1.8080/ 1.81
Technical studies are biased higher. Momentum bullish with RSI strong and rising.
We exidence bullish divergence on Stochs which adds to the upside bias.
Next major bull target lies at 61.8% Fib at 1.8082, breaka bove could see further upside.
On the flispide, 55-EMA is strong support at 1.7840, break below could see minor weakness.
Violation at 200-DMA to invalidate bullish bias.
Support levels - 1.79, 1.7840 (55-EMA), 1.7796 (5-DMA)
Resistance levels - 1.80, 1.8080 (61.8% Fib), 1.81
Stay long on close above 100-DMA, SL: 1.79, TP: 1.80/ 1.8080/ 1.81
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pls disregard the above
Break above will see further upside. Scope then for test of 1.90 (channel top).