11 Oct 2013
GBP/AUD violates immediate support reaching 1.6858 session lows
FXstreet.com (Chicago) - GBP/AUD fell to 1.6858 session lows and seems to find grounds on an attempt to consolidate above the 1.6860 zone.
GBP/AUD Technical Levels
Technically speaking, the pair continues trading around yesterday’s range printing lower highs and lows and retracing from last month’s highs. On double tops formation, the pair cascades to the grounds targeting supports aligned at 1.6864 (August 12th lows), 1.6838 (session lows) ahead of 1.6817 (August 11th lows) with resistances set at 1.70 (September 24th lows) and 1.7050 (September 24th highs) and 1.6951 (September 11th lows) on the upside. According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis below the EMA20.
GBP/AUD Technical Levels
Technically speaking, the pair continues trading around yesterday’s range printing lower highs and lows and retracing from last month’s highs. On double tops formation, the pair cascades to the grounds targeting supports aligned at 1.6864 (August 12th lows), 1.6838 (session lows) ahead of 1.6817 (August 11th lows) with resistances set at 1.70 (September 24th lows) and 1.7050 (September 24th highs) and 1.6951 (September 11th lows) on the upside. According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis below the EMA20.