Technical Analysis – GBPAUD tackles SMAs as they near completion of a bearish cross

GBPAUD rose over the last month and breached the 100- and 200-day simple moving averages (SMAs) to peak at 1.8335 on Monday. The sellers, however, came soon on board, managing to pull the price back below. Buyers are again looking for a move higher now, something also reflected by the momentum indicators. The MACD distanced […]