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FX.co ★ Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Monday February 10, 2025.

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Forex Analysis:::2025-02-10T04:33:18

Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Monday February 10, 2025.

Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Monday February 10, 2025.

With the appearance of convergence in the price movement of the GBP/AUD cross currency pair with the Stochastic Oscillator indicator on its daily chart, it confirms that in the next few days GBP/AUD has the potential to weaken even though there is a potential retracement to test the Resistance level of 1.9956, but as long as it does not break through and close above the level of 2.0148 GBP/AUD will continue to weaken where 11.9590 will try to be break and close below that level, if successful then GBP/AUD will continue to weaken to the level of 1.9420 and if the momentum of the weakening and volatility support it then 1.9016 will be the next target.

(Disclaimer)

Analyst InstaForex
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