FX.co ★ Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Tuesday July 16, 2024.

With price movement conditions which are above the 20 and 50 EMA which also intersect the Golden Cross and are confirmed by the Awesome Oscillator indicator which is also in the positive area on the 4 hour chart, GBP/AUD in the near future will try to test the 1.9240 level if this level is successful If it is broken above, GBP/AUD will try to test the level above it, namely 1.9287 as the main target and if the momentum and volatility are supportive then it is not impossible that the 1.9339 level will be the next target to be aimed at, but if it is on its way to the target levels described above However, if there is a significant weakening correction that penetrates below the 1.9067 level, then all the strengthening scenarios that have been described previously will become invalid and automatically cancel itself.

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