GBP/AUD Up 38 Pips Over Past Hour, Came Into Today Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated June 23, 2022 1:41 GMT)

At the time of this writing, GBPAUD’s rate is up 38 pips (0.21%) from the hour prior. GBPAUD has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists 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)

GBPAUD is up 110 pips (0.62%) since the previous day (opening today near 1.77339), marking the 2nd day in a row an upward move has occurred. Out of the 39 instruments in the Forex asset class, GBPAUD ended up ranking 7th for the day in terms of price change. The price chart of GBPAUD below illustrates.

GBPAUD

GBPAUD Technical Analysis

Coming into today GBPAUD is now close to its 20, 50 and 100 day averages, located at 1.7516, 1.7599 and 1.7872 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 30 and 90 day timeframes, where price is headed down. For additional context, note that price has gone up 10 out of the past 14 days.