FX.co ★ Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs,Thursday February 01 2024.

On the daily chart, the GBP/AUD cross currency pair appears to see the appearance of a Failing Wedge pattern which gives an indication that in the next few days GBP/AUD has the potential to strengthen, which is supported by confirmation of the Stochastic Oscillator crossing upwards and the price movement is above WMA 20, so As long as there is no downward correction that breaks below the 1.9174 level, GBP/AUD has the potential to strengthen to the 1.9415 level as the main goal and if the momentum and volatility are supportive enough then the next level to be aimed at is 1.9744.

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