GBPAUD: Correction ContinuesAfter a period of consolidation within a broad horizontal range on an intraday chart, the 📈GBPAUD pair has violated its support level
This violation represents a significant indication of the buyers' dominance.
It could potentially initiate an upward correction, possibly reaching as high as 2.07
About British Pound / Australian Dollar
The British Pound vs. the Australian Dollar. Due to its relatively higher interest rates and its correlation to global equity markets, the Australian Dollar is often referred to as a risk currency. Mining, which is Australia’s largest economy sector, has been negatively affected by a slowdown in the global commodity super cycle and a decline in China’s growth.
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GBPAUD: Bullish Momentum Is IntactGBPAUD: Bullish Momentum Is Intact
GBPAUD confirmed another bullish pattern during the RBA meeting.
So far, the market is still moving against the AUD, despite the RBA Governor's optimistic comments.
GBPAUD is still rising and from this new pattern it could extend to the second target we had e
GBPAUD started an uptrend movement after BOE rate decisionGBPAUD started an uptrend movement after BOE rate decision
Today, the Bank of England cut interest rates by 25 basis points to 4% from 4.25%.
BoE Governor Bailey explained that he has not changed his view on the direction of the interest rate path, the question is the timeframe. The BoE is hintin
GBPAUD Potential Bullish Reversal Setup – Key Breakout Levels GBPAUD is showing signs of a potential bullish reversal after a prolonged downtrend, with price consolidating within a descending wedge pattern. The pair is testing a breakout point, and fundamentals favor a bullish recovery supported by GBP strength relative to AUD weakness.
Technical Analysis (4H
GBPAUD Reverses from Key Zone – Long Setup in Play!Today I want to share with you a Long position on GBPAUD ( OANDA:GBPAUD ).
GBPAUD started to rise well from the Important Support line , Support zone(2.032 AUD-1.987 AUD) , and Potential Reversal Zone(PRZ) and managed to close the 4-hour candle above 2.053 AUD (important) .
In terms of
GBPAUD: Possible bounce at supportI am watching for a possible reversal GBPAUD, expecting a rejection with a upside target at around 2.073.
This area is where it can become a decision point, either price finds support and bounces, or it breaks below, and the move can start to extend lower.
Just sharing my thoughts for the charts, t
GBPAUD: Bearish After News 🇬🇧🇦🇺
GBPAUD looks bearish after the release of the US news today.
I see a strong intraday bearish pattern on an hourly time frame:
head and shoulders with a breakout of its neckline.
I will expect a bearish continuation to 2.0668 support.
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I am pa
Lingrid | GBPAUD Consolidation - Continuation ScenarioFX:GBPAUD is breaking down from the upward trendline and testing key horizontal support near 2.0500 after rejecting from a lower high in the downward channel. This structure confirms a bearish continuation bias within the broader descending pattern. A clean break below 2.0500 opens the path toward
GBPAUD → Attempt to break through resistance. Rally?FX:GBPAUD is preparing to accelerate its growth within the global bullish trend. A breakout of the local channel resistance is forming...
Against the backdrop of the falling dollar, GBP is taking advantage of the opportunity and entering a phase of active growth. GBPAUD is emerging from local
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the GBPAUD pair is quoted as 1 GBP per x AUD. For example, if the pair is trading at 1.50, it means it takes 1.5 AUD to buy 1 GBP.
GBPAUD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
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