6 Apr 2015
GBP/AUD upward movement likely – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team gives the technical outlook and key levels for GBP/AUD, noting that technicals suggest a upward movement is likely for the pair.
Key Quotes
“Since September 2014 the bulls are dominating witing this pair. The Fibonacchi support level at 50.0 was touched twice and then rebounded strongly. The question is whether the price tries to touch the third support line at 61.8 or not.”
“At the moment it is above the lowest support line and is reaching toward the resistance level at 1.9853. The RSI is moving around the Centerline, a movement upward is likely.”
Key Quotes
“Since September 2014 the bulls are dominating witing this pair. The Fibonacchi support level at 50.0 was touched twice and then rebounded strongly. The question is whether the price tries to touch the third support line at 61.8 or not.”
“At the moment it is above the lowest support line and is reaching toward the resistance level at 1.9853. The RSI is moving around the Centerline, a movement upward is likely.”