Technical analysis of NZD/CHF
GBP/AUD reversed from support zone
- GBP/AUD reversed from support zone
- Next buy target 1.8280
GBP/AUD recently reversed up from the support zone lying between the key support level 1.7960 (former strong resistance from December and February), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse from the January. GBP/AUD is expected to rise further toward the next buy target at the next resistance level 1.8280.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.