Technical
analysis:
GBP/AUD
is test the important pivot level at 1.8020-1.8000 and there is
potential for the upside continuation.
Trading
recommendation:
Due
to the strong bullish momentum in the background, I see potential for
further upside continuation towards upside references.
Watch
for the potential buying opportunities on the intraday dips with the
upside objective at
1.8125
Stochastic
oscillator is showing oversold condition, which is sign that there is
potential for upside rotation.
Key
support is set at the price of 1.8000
The material has been provided by InstaForex Company – www.instaforex.com
