Hello everyone, the pair is in a short uptrend with confirmation of an acceleration in the ongoing price action.
GBP / AUD is in an ascending wedge from which it can escape from above, in order to return to the overbought zone.
To fetch more dynamic prices on pause at the moment she wants to test the resistance on the RSI of D1.
But a short term support will act as a barrier and we are in a range with a pull back to come pending the Fed minute.
And the we will have a confirmation in the long term position to know if the buyers are really on the return.
Otherwise it will be reintegrated when it will be checked and will come back to these previous ones above.
On this momentum check each change of situation even if the market remains bullish.
Stay focused and careful.
Please like and follow, thank you.
GBP / AUD is in an ascending wedge from which it can escape from above, in order to return to the overbought zone.
To fetch more dynamic prices on pause at the moment she wants to test the resistance on the RSI of D1.
But a short term support will act as a barrier and we are in a range with a pull back to come pending the Fed minute.
And the we will have a confirmation in the long term position to know if the buyers are really on the return.
Otherwise it will be reintegrated when it will be checked and will come back to these previous ones above.
On this momentum check each change of situation even if the market remains bullish.
Stay focused and careful.
Please like and follow, thank you.