GBP/AUD Rebounds at the Start of the New Year

The GBP/AUD market has recorded a notable upward rebound. This move comes at a time when the pair appears to be responding to improving economic cues for investors. As a result, the British pound seems to be benefiting from the holiday sentiment against the Australian dollar.

Key Levels

Resistance: 2.0300, 2.0500, 2.0700

Support: 2.0000, 1.9800, 1.9500

GBP/AUD Registers a Strong Bounce

As of today, the GBP/AUD market is showing a strong rebound, pushing the pair above the 9-day Exponential Moving Average (EMA. Although there are signs that the current price candle may contract and potentially slip back below the 9-day EMA, price action still reflects short-term bullish sentiment.

The Stochastic Relative Strength Index (SRSI) lines are rising from below the 60 level, indicating strengthening upward momentum. This suggests that price action could continue pushing toward higher levels.

GBP/AUD Continues to Climb

On the 4-hour chart, green price candles have begun to form above the 9-day EMA, and the current session is clearly trading above this key level. The Stochastic RSI is strongly angled upward, with the lead line testing the 80 threshold.

Based on these technical signals, the market appears poised for a continued upside correction toward the 2.0050 and 2.0100 price levels.

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