21 Nov 2013
GBP/AUD spikes to 7-week highs at 1.7314
FXstreet.com (Chicago) - GBP/AUD prints higher highs and lows consolidating the bullish channel that started last November 19th on the BoE vote change decision and after the release of disappointing Chinese manufacturing data.
GBP/AUD Technical Levels
Price action reveals a strong rally that extends throughout the beginning of the Asian trading session after the release of Chinese data with repercussion on the pair’s price action. Offered at 1.7292, the pair oscillates between the supports aligned at 1.7247 (November 15th highs), 1.72 (November 13th highs) ahead of 1.7163 (November 12th highs) and the resistances set at 1.7315 (session highs), 1.7383 (October 2nd highs) followed by 1.7421 (September 29th highs). 0.27% stronger, the pair matches the flow of short and long-term trends.
GBP/AUD Technical Levels
Price action reveals a strong rally that extends throughout the beginning of the Asian trading session after the release of Chinese data with repercussion on the pair’s price action. Offered at 1.7292, the pair oscillates between the supports aligned at 1.7247 (November 15th highs), 1.72 (November 13th highs) ahead of 1.7163 (November 12th highs) and the resistances set at 1.7315 (session highs), 1.7383 (October 2nd highs) followed by 1.7421 (September 29th highs). 0.27% stronger, the pair matches the flow of short and long-term trends.