fxs_header_sponsor_anchor

News

GBP/AUD Price Analysis: Bulls stepping in ahead of RBA minutes

  • GBP/AUD bulls are in charge ahead of the RBA minutes. 
  • GBP/AUD breaks hourly resistance in choppy 15-min price action. 

GBP/AUD is taking on the hourly resistance and the 1.83 level as traders get set for the Reserve Bank of Australia minutes.

Hourly chart

15-min chart

The 15-min chart shows that the price is rallying to try and print a fresh high into the event. 

Update

The bulls are well and truly testing the bearish commitments:

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.