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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.

DateSeptember 24, 2022 - 21:53
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.68948 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.72145 on 09/14/2022, so more losses to support(s) 1.65500, 1.61600, 1.57900 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. 1.92135
  2. 1.89575
  3. 1.87528
  4. 1.83859
  5. 1.81515
  6. 1.79830
  7. 1.77888
  8. 1.76387
  9. 1.74305
  10. 1.72611
  11. 1.71855
Click on the level to view price action history.