22 Nov 2013
GBP/AUD strong at 3-year highs close to 1.7550
FXstreet.com (Chicago) - GBP/AUD remains strong after reaching 3-year highs and beating a weakened Aussie on uncertainty and speculations.
GBP/AUD Technical Levels
Price action reveals a strong intraday moment that seems to stall after a retracement from 3-year highs at 1.7565. Long-term and shorter term trends converge with this movement and support the pair strong above the EMA20. With a steep upward trendline and speed lines getting steeper, momentum is bullish in nature on prolonged action. Offered at 1.7527, the pair oscillates between the supports aligned at 1.7485 (September 1st highs), 1.7421 (October 4th highs) ahead of 1.7383 (September 30th highs) and the resistances set at 1.7567 (session highs), 1.77 (May 1st 2009 highs) followed by 1.7879 (June 10th 2010 highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish.
GBP/AUD Technical Levels
Price action reveals a strong intraday moment that seems to stall after a retracement from 3-year highs at 1.7565. Long-term and shorter term trends converge with this movement and support the pair strong above the EMA20. With a steep upward trendline and speed lines getting steeper, momentum is bullish in nature on prolonged action. Offered at 1.7527, the pair oscillates between the supports aligned at 1.7485 (September 1st highs), 1.7421 (October 4th highs) ahead of 1.7383 (September 30th highs) and the resistances set at 1.7567 (session highs), 1.77 (May 1st 2009 highs) followed by 1.7879 (June 10th 2010 highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish.