I'm pretty bullish on this pair, due to strong British Pound and weak Australian Dollar; remember that despite last weeks rally, RBA cut rate interest in last rate decision, so in the long run I see this currency weakening even more. Now the pair is taking some relief at 1.9750 handle (former resistance) and this level could provide some support. Some confluence is provided by the 21-period exponential moving average, so I'm expecting a bounce higher from this level.
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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.