GBPAUD: Strong buy opportunity for a final push.

6 Nov

GBPAUD is neutral on its 1D technical outlook (RSI = 51.562, MACD = 0.005, ADX = 38.182) as the price has pulled back to the bottom of the bullish wave of the 1 year Channel Up. That is technically the final buy opportunity before the rally to the top of the Channel. All prior bullish waves made a rise of at least +4.46%. As long as the 1D MA50 supports, the top of the +4.46% range will be our target (TP = 1.99500).


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