Technical Analysis – GBPAUD seen neutral in short-term; could maintain uptrend in medium-term
GBPAUD has been making higher highs over the last number of months. In the short-term, the market seems to have lost direction after the pair touched a 1 ½-year peak of 1.7997 on February 8 and now the technical indicators suggest the continuation of the consolidation phase. The Relative Strength Index (RSI) is moving sideways above 50. The red Tenkan-sen line has been flat […]