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27.08.202406:05 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Tuesday August 27, 2024.

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Exchange Rates 27.08.2024 analysis

On the 4-hour chart, the GBP/AUD cross currency pair can be seen moving harmoniously in the Bearish Pitchfork channel, also forming a Bearish 123 Pattern and failed to break the False Break level of 1.9569 so that in the near future GBP/AUD has the potential to weaken and will test the level of 1.9426 if this level is successfully broken, then 1.9389 will be the next target to be targeted and will try to test 1.9389 if this level is successfully broken below then GBP/AUD will continue its weakening to the level of 1.9723 and if the momentum and volatility support it then 1.8896 will be the next target to be aimed at.

(Disclaimer)

Arief Makmur
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