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13.08.2024 06:09 AM
With the appearance of deviations between the price movement of the GBP/AUD cross currency pair with the Stochastic Oscillator indicator, this gives an indication that in the near future GBP/AUD has the potential to correct and strengthen from its current weakening condition, it provided that there is no continuation of the weakening that breaks below the level of 1.9313 because if this level is successfully broken below, this will be a signal of continued weakening in GBP/AUD, but if the opposite happens, GBP/AUD has the potential to continue strengthening to the level of 1.9423. If this level is successfully broken, this will be a good sign for GBP/AUD to continue strengthening to the level of 1.9479 as its main target and if the momentum and volatility support it, GBP/AUD has the potential to go to the level of 1.9572.
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