The secondary trend of GBP/AUD is bullish on charts and price is sustaining above the trend line after breakout in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.
Resistance level 2.1045 and support level 2.0705.
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY: One can go for sell on higher level strategy for this pair for intra day to mid term positions.
Resistance level 2.1045 and support level 2.0705.
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY: One can go for sell on higher level strategy for this pair for intra day to mid term positions.