GBPAUD: Curve Analysis (16H)
GBPAUD has not displayed a clear upward trend for several months. Nevertheless, the 16H uptrend trendline indicates a robust level of support at 1.9000.
There is a possibility of a stronger GBP if the UK economy continues to show positive developments or if the Bank of England (BOE) takes a more cautious approach compared to the RBA. This could result in an upward trend for GBPAUD in the medium term.
There is a possibility of a stronger GBP if the UK economy continues to show positive developments or if the Bank of England (BOE) takes a more cautious approach compared to the RBA. This could result in an upward trend for GBPAUD in the medium term.
Professor C. E. Ward
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