Forex analytics and overview

GBP/AUD: Breakout Opportunity

08/29/2023

Less than a minute

2023.08.29 09:24

Scott Barkley

The is currently at 1.9621 after a significant increase. If we are able to surpass the slope resistance, we anticipate a continuation towards the ATR Target at 1.9675, with a further target of 1.9710 at the 1.618 Fibo. It’s important to keep an eye on the USDX for guidance, as it’s currently on an upward trend. The average daily true range (ATR) for the pair is 129 pips per day, and its 90-day average is 147 pips per day.

GBPAUD –Breakout Opportunity

08/29/2023

Less than a minute

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