GBPAUD (1H) - short term bullish bias
After breaking through the psychological level of 1.8800, the pound sterling found support at the 30-day moving average. The uptrend remains in place as long as buyers commit themselves at key support levels. On the hourly chart, short-term traders can trade along the medium-term trend after the offers near 1.8700 got lifted. As the RSI stays in the neutral area, we may expect the pair to rally towards 1.8900 after its two-day-long consolidation.
Key support: 1.8750
Key resistance: 1.8900
After breaking through the psychological level of 1.8800, the pound sterling found support at the 30-day moving average. The uptrend remains in place as long as buyers commit themselves at key support levels. On the hourly chart, short-term traders can trade along the medium-term trend after the offers near 1.8700 got lifted. As the RSI stays in the neutral area, we may expect the pair to rally towards 1.8900 after its two-day-long consolidation.
Key support: 1.8750
Key resistance: 1.8900
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Disclaimer
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.