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FxWirePro: GBP/AUD breaks strong resistance at 1.8640, good to long dips

GBP/AUD extends upside after breaking strong trendline resistance at 1.8640. Technical indicators suggest further upside in the pair. RSI strength seen at 54, Stochs and MACD are biased north. We see a bullish crossover …

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FxWirePro: GBP/AUD breaks strong resistance at 1.8640, good to long dips
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  • GBP/AUD extends upside after breaking strong trendline resistance at 1.8640.
     
  • Technical indicators suggest further upside in the pair.
     
  • RSI strength seen at 54, Stochs and MACD are biased north.
     
  • We see a bullish crossover of 5-DMA over 10-DMA.
     
  • Immediate support and resistance are located at 1.1828 (5-DMA) and 0.8850 (March 25th highs).
    ​

Recommendation: Buy dips around 1.8810/20, SL: 0.8760, TP: 1.8850/1.8890/1.89
 

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