GBPAUD BULLISH OUTLOOK

2022년 8월 31일

Australian dollar fell after building approval data came at -17%, while only -5% was expected.

GBPAUD had broke the resistance of the falling wedge pattern. RSI is above 50 and MACD histogram is above 0 line, plus the instrument is above both its 20 and its 50 MA, which is a bullish scenario.

If this scenario continues, we might see increase of the instrument's price to 1.715, the alternative scenario is the price to return to the falling wedge support at 1.687

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