Technical Analysis – GBPAUD hovers above 20-day SMA; still bullish

GBPAUD is heading up following the rebound on the 20-day simple moving average (SMA) currently at 1.9347. The upside tendency is continuing since July 2019 with the technical indicators confirming the bullish structure. The RSI is pointing up, above the 50-neutral threshold, while the MACD appears to be in the process of returning above its trigger line. If price action remains […]