Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: GBP/AUD holds within Monday's range , bias is neutral

• GBP/AUD retreated from daily high on Tuesday   as markets continued to digest the implications of last week's central bank meetings.

• This week's economic data calendar is fairly light ahead of the Federal Reserve's favoured inflation measure on Friday, which could provide clues on the U.S. interest rate outlook.

•  GBP/AUD continues to trade sideways, bouncing between 1.9295 and 1.9349 range

•Technically RSI struggling to confirm gains , daily momentum studies 9, 10 and 11 DMAs are flat.

• Immediate resistance is located at 1.9386 (38.2% fib), any close above will push the pair towards 1.9440 (March 21st high).

• Immediate support is seen at 1.9281 (March 25th low) and break below could take the pair towards 1.9241  (50% fib).

 Recommendation: Be on sidelines
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.