GBP/AUD Down 7 Pips Over Past Hour

Hourly Update

(Last Updated November 24, 2022 1:42 GMT)

At the moment, GBPAUD’s rate is down -7 pips (-0.04%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as GBPAUD has now gone down 8 of the past 10 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. 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 1.79062, up 19 pips 0.11% from yesterday. Out of the 39 instruments in the Forex asset class, GBPAUD ended up ranking 15th for the day in terms of price change. Here is a price chart of GBPAUD.

GBPAUD

GBPAUD Technical Analysis

Coming into today GBPAUD is now close to its 20, 50 and 200 day averages, located at 1.7787, 1.7564 and 1.7575 respectively, and thus may be at a key juncture along those timeframes. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 119 pips away. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. For additional context, note that price has gone up 8 out of the past 14 days.