GBPAUD is within an approximate horizontal trend, which indicates further development in the same direction.
Is moving within a rectangle formation between support at 1.62 and resistance at 1.81.
A decisive break through one of these levels indicates the new direction for the currency.
The currency has support at points 1.62 and resistance at points 2.04. RSI is overbought.
This shows that the momentum of The currency is strong and that the price may well rise further in the short term.
We should see a decline in the RSI chart before this is seen as a negative signal.
The RSI curve shows a rising trend, which is an early signal for a possible trend break up.
The currency is overall assessed as technically neutral for the medium long term.
Is moving within a rectangle formation between support at 1.62 and resistance at 1.81.
A decisive break through one of these levels indicates the new direction for the currency.
The currency has support at points 1.62 and resistance at points 2.04. RSI is overbought.
This shows that the momentum of The currency is strong and that the price may well rise further in the short term.
We should see a decline in the RSI chart before this is seen as a negative signal.
The RSI curve shows a rising trend, which is an early signal for a possible trend break up.
The currency is overall assessed as technically neutral for the medium long term.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.