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FX.co ★ GBP/AUD Bullish Outlook April 29, 2011 (Daily Strategy)

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Forex Analysis

2011-04-29T13:50:23
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GBP/AUD Bullish Outlook April 29, 2011 (Daily Strategy)

GBP/AUD Bullish Outlook April 29, 2011 (Daily Strategy)

GBP/AUD

The technical chart of the Pound Sterling - Australian dollar pair contains an interesting opportunity to buy. The taking of long position respect the pair will be possible only if it crosses in an upward

direction its smaller trend line of 1.5300.

This break will represent a trigger for the buy during a new upward sequence it is estimated that will rise to the significant resistance level of 1.6160, Australian dollars per Pound sterling.

The positive deviation of the MACD indicator, adds weight to the positive outlook regarding the pair

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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