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Weekly forecast British Pound / Australian Dollar technical chart
Symbol GBPAUD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 20, 2022 - 00:53
Currentdowntrend
Forecastresumption of downtrend

Midterm forecast:

  • 1.81220 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI support #1 at 47 is broken, so the probability of resumption of downtrend is increased.
  • A peak is formed in daily chart at 1.8176 on 03/15/2022, so more losses to support(s) 1.7606, 1.7415, 1.6860 and more depths is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 30.

Supports and Resistances:

  1. 1.9214
  2. 1.8957
  3. 1.8523
Click on the level to view price action history.