GBP/AUD edging higher; 1.7980 target

FXstreet.com (Chicago) – GBP/AUD extends corrective move after printing 6-month highs above the 1.7980 front a few hours ago ahead of Tokyo’s opening and Australian data releases.

GBP/AUD Technical Levels

Price action reveals the pair continues edging higher as evidenced by a spike that broke the immediate resistance at 1.7976 momentarily printing fresh 6-month highs. On corrective move now, the pair is offered at 1.7930 and oscillates between the supports aligned at 1.7879 (May 23rd 2010 highs), 1.77 (November 22nd highs) ahead of 1.7567 (November 26th lows) and the resistances set at 1.7976 (November 27th highs), 1.8056 (February 22nd 2010 highs) …read more