Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Tuesday October 24, 2023.
October 24, 2023 4:22 am
If we look at the 4 hour chart of GBP/AUD cross currency pairs, there is seems the appearance of the deviation between price movement with RSI indicator where it gives the clue that in the near future GBP/AUD has the potential to weaken up to the level 1,9075 as the first target and level 1,8973 as the second target. But all of this weakness scenario will become invalid if on the way to those targets suddenly going back strong especially if it breaks above the level 1,9406.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we look at the 4 hour chart of GBP/AUD cross currency pairs, there is seems the appearance of the deviation between price movement with RSI indicator where it gives the clue that in the near future GBP/AUD has the potential to weaken up to the level 1,9075 as the first target and level 1,8973 as the second target. But all of this weakness scenario will become invalid if on the way to those targets suddenly going back strong especially if it breaks above the level 1,9406.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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