FxWirePro: GBP/AUD dips below lower range, bearish bias increases

| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro: GBP/AUD tight ranges prevail as market waits for fresh catalyst

FxWirePro-Major pair levels and bias summary

FxWirePro- Top altcoins for the day (Strength index) (ADAUSD)

FxWirePro- Top altcoins for the day (Strength index) (HNTUSD)

FxWirePro: EUR/AUD longs gain traction after RBA holds rates, good to buy on dips

FxWirePro- EURUSD Daily Outlook

FxWirePro:EUR/AUD steadies around 1.6370 ahead of RBA policy meeting

FxWirePro- GBPJPY Daily Outlook

FxWirePro- Gold Daily Outlook

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (EURUSD) for the day)

FxWirePro- Gold Daily Outlook

FxWirePro- EURUSD Daily Outlook

FxWirePro- GBPJPY Daily Outlook

FxWirePro: EUR/NZD repeatedly capped by key resistance ,bears set to regain control

FxWirePro- EURUSD Daily Outlook

FxWirePro- Top altcoins for the day (Strength index) (STXUSD)

©Econometrics LLC . All Rights Reserved.

FxWirePro: GBP/AUD dips below lower range, bearish bias increases

Thursday, September 22, 2022 10:53 PM UTC

•GBP/AUD dipped on Thursday as rise in commodity prices boosted the commodity-price sensitive Australian dollar.

• Australian dollar rallied as equity, copper gains helped buoy Antipodean currency.

• GBP/AUD dipped towards at 1.6946. A break and daily close above 11.6903 (23.6%fib) will accelerate further downwards.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 42 bearish, daily momentum studies 5, 9 and 11 DMAs are trending down.

• Immediate resistance is located at 1.7020 (14DMA), any close above will push the pair towards 1.7122 (38.2%fib).

• Strong support is seen at 1.6903 (23.6%fib) and break below could take the pair towards 1.6849 (Lower BB ).

Recommendation: Good to sell around 1.6950, with stop loss of 1.7080 and target price of 1.6880

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Unilever Joins UEFA EURO 2024 as Official Sponsor in Multibrand Deal

McDonald's Plans Record Expansion: 9,000 New Outlets by 2027, Boosts Loyalty Program

The new Tesla Cybertruck is super-fast and bullet-proof – but who is it for? An expert analyses the design

Naver's CHZZK Targets Gaming Streaming Dominance, Twitch Exit Boosts Competition with YouTube, AfreecaTV

Coca-Cola Halts Cinnamon Flavor, Reflecting Strategy Shift and Consumer Trends

FxWirePro:EUR/NZD downside pressure builds, key support level in focus

Alphabet Unveils Gemini AI, Rivaling ChatGPT with Enhanced Video, Audio, Text Processing

FxWirePro: EUR/AUD key support held early, but negative factors build

FxWirePro: GBP/AUD tight ranges prevail as market waits for fresh catalyst

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Editor's Picks

Welcome to EconoTimes