Forex analytics and overview
GBP/AUD has set its sights on old peaks
2023.02.08 13:21
GBP/AUD has set its sights on old peaks
After a strong bounce, GBP/AUD is currently trading in a range at 1.7370 and heading north. The ATR target at 1.7476 and the 0.786 Fibo at 1.7492 are the next targets we’re looking for. For our continued existence, convergence is at play. The USDX will show you where to go.
The pair has an average daily true range (ATR) of 165 pips and a daily average of 171 pips over 180 days. Right now, USDX is threatening UP.
