Currently holding a full-size long position on GBPAUD. The pair has been on an upward trajectory, with recent analyses suggesting potential for further gains. Notably, a winning streak has been observed, with buyers achieving six consecutive sessions of gains. LEARN2.TRADE
As of now, GBPAUD is trading at approximately 2.00536 AUD, reflecting a 0.30% increase in the past 24 hours. TRADINGVIEW.COM
The broader trend remains bullish, with technical indicators supporting the upward momentum. The 20-day and 50-day moving averages have formed a bullish crossover below the price action, reinforcing expectations of continued upside. LEARN2.TRADE
While the market shows promise, it's essential to stay vigilant and manage risk appropriately. The current price level is near the 2.0000 resistance, and a break above this could open the path to higher targets. LEARN2.TRADE
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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.