FX.co ★ Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Wednesday December 11, 2024.

With the appearance of hidden deviations between the price movement of the GBP/AUD cross currency pair with the Stochastic Oscillator indicator on the 4-hour chart, it has confirmed that in the near future GBP/AUD is still in a strengthening condition, even if there is a weakening, it is only a correction where 1.9835 has the potential to be tested and as long as the weakening correction does not broken and close below 1.9685 GBP/AUD still has the potential to continue strengthening again where 2.0020 will try to be penetrated again and close above it and if successful, GBP/AUD will continue strengthening to the levels of 2.0283 and 2.0446 if momentum and volatility support.

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