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4 May 2015
GBP/AUD upside likely – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team notes technicals remain supportive of an upside move for GBP/AUD.
Key Quotes
“Since September 2014 the bulls are dominating witing this pair. The Fibonacchi support level at 50.0 was touched several times and then rebounded strongly. The question is whether the price tries to touch the third support line at 61.8 or not. At the moment it is above the middle support line and is moving sideward. The RSI is moving around the Centerline, a movement upward is likely.”
“Support Levels around 1.8935, 1.8324”
“Resistance Levels around 1.9853”
Key Quotes
“Since September 2014 the bulls are dominating witing this pair. The Fibonacchi support level at 50.0 was touched several times and then rebounded strongly. The question is whether the price tries to touch the third support line at 61.8 or not. At the moment it is above the middle support line and is moving sideward. The RSI is moving around the Centerline, a movement upward is likely.”
“Support Levels around 1.8935, 1.8324”
“Resistance Levels around 1.9853”