(Last Updated July 22, 2021 3:19 GMT)
Currently, GBPAUD’s rate is down -2 pips (-0.01%) from the hour prior. This is the 2nd hour in a row GBPAUD has seen its price head down. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
GBPAUD End of Day Recap
Updated 00:30 GMT (04:30 EST)
The back and forth price flow continues for GBPAUD, which started today off at 1.86484, up 65 pips 0.35% from the day prior. Out of the 39 instruments in the Forex asset class, GBPAUD ended up ranking 11th for the day in terms of price change. Here is a price chart of GBPAUD.
GBPAUD Technical Analysis
The first thing we should note is that the current price of GBPAUD is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 14 days.