GBPAUD: WEEKLY SCENARIO

GBPAUD Technical Analysis: Weekly Chart

In the weekly charts, GBPAUD is trading in an up channel. GBPAUD is currently trading above all SMA except MA(5).

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 1.84000 and the resistance level is at 1.87000

GBPAUD will trade in an up channel until there is a trend reversal.

GBPAUD Technical Analysis: Daily Chart

In the daily charts, GBPAUD was trading in an up channel. GBPAUD is currently trading below all SMA except MA (5).

RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1.84000 the resistance level is at 1.87000

GBPAUD was traded in an up channel before there is a downside breakout.

How to Trade GBPAUD this Week:

GBPAUD will follow the uptrend until its trend reversal. So, remain bullish on GBPAUD

TRADE SUGGESTION- BUY AT 1.86000, TAKE PROFIT AT 1.89000, AND STOP LOSS AT 1.83000.