FX.co ★ Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Wednesday, February 21 2024.

On the 4 hour chart of GBP/AUD cross currency pairs, there is the appearance of the hidden deviation pattern between the price movement with Stochastic Oscillator indicator where this gives the clue that in the near future, GBP/AUD has the potential to continue its weakness along with the confirmation of the price movement which moves below WMA 30 Shift 2 that has the slope going down, as well as Rising Wedge pattern which manages to breaks downward, then GBP/AUD will try to test the level of 1,9177 and if this level successfully broken, then the level 1,8760 will be the next target to be aimed however all this scenario will become invalid and cancel itself if on the way to those targets, suddenly GBP/AUD reverse to its strengthen to break above the level 1,9523.

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