GBPAUD - Short term recovery
GBPAUD (1H) - short term bullish bias
The aussie came under pressure at the start of the week. The pound sterling bounced back from the 4H support level of 1.8150, and the RSI indicator recovered from its over-sold area. The bullish MA cross is a signal that more buyers are getting optimistic, we can expect the price to rally to test the previous high of 1.8400. The downside risk would be a return below the 1.8200 zone.
Key support: 1.8200
Key resistance: 1.8400
The aussie came under pressure at the start of the week. The pound sterling bounced back from the 4H support level of 1.8150, and the RSI indicator recovered from its over-sold area. The bullish MA cross is a signal that more buyers are getting optimistic, we can expect the price to rally to test the previous high of 1.8400. The downside risk would be a return below the 1.8200 zone.
Key support: 1.8200
Key resistance: 1.8400