GBP/AUD Up 12 Pips in Last Hour, Moves Up For the 3rd Day In A Row; Nears 20, 100 and 200 Day Moving Averages

Hourly Update

(Last Updated December 20, 2021 1:40 GMT)

At the time of this writing, GBPAUD’s rate is up 12 pips (0.07%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 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)

GBPAUD is up 3 pips (0.02%) since yesterday (opening today near 1.85751), marking the 3rd day in a row an increase has occurred. Relative to other instruments in the Forex asset class, GBPAUD ranked 16th yesterday in terms of percentage price change. Here is a price chart of GBPAUD.

GBPAUD

GBPAUD Technical Analysis

Notably, the current price of GBPAUD is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 100 day average, which is 11.9 pips away. Or to simplify this another way, note that out of the past 14 days GBPAUD’s price has gone up 7 them.