FX.co ★ Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Wednesday October 02, 2024.

After being stuck at the 1.9531-1.9489 area level which is now the Resistance area level on the 4-hour GBP/AUD chart, the currency pair is currently experiencing quite a strong weakening where currently GBP/AUD is trying to test the 1.9109 level and if the momentum and volatility support it, it is not impossible that the 1.8955 level will be reached, but with the emergence of deviations between the GBP/AUD price movement and the MACD Histogram (osMA) indicator, please pay attention to the 1.9321 level because if on its way to the targets, these levels are suddenly successfully broken upwards, then all weakening scenarios with the targets that will be tried to be achieved will be canceled by themselves.

(Disclaimer)