GBPAUD Surges Toward the 2.1500 Resistance

While the British pound remains calmer, the Australian dollar appears to be more active—but on a negative front. This contrast led to a significant price surge in the GBPAUD market on Friday. The surge can be attributed to the negative impact of the U.S. tariff plan and plummeting oil prices on the Australian economy, which has also caused a drop in stock prices.

Key Price Levels

Resistance Levels: 2.1500, 2.2000, 2.2500

Support Levels: 2.1000, 2.0000, 1.9500

GBPAUD Bulls Break Forth

Although the GBPAUD market has been in a general uptrend, few anticipated such a strong boost in a single session. As a result, price action is now testing a long-term resistance at the 2.1500 level. At this point, the pair trades well above all the Moving Average (MA) lines, as well as multiple psychological resistance levels.

Additionally, the Stochastic Rate of Change (ROC) indicator line is above the 0.00 level and has taken a new upward path in response to the recent price movement. The upward trajectory of this indicator suggests that bullish momentum is likely to propel the market further.

GBPAUD Consolidates at the 2.1500 Level

The 4-hour GBPAUD chart reveals that price action reached the 2.1500 level two sessions ago. However, it has since struggled to break through this resistance. That said, the Stochastic ROC line remains on an upward trajectory.

The latest candlestick on the 4-hour chart shows a downward retracement, but the pair continues to trade above all the MA lines. Consequently, despite the short-term pullback, the pair still shows potential to advance higher toward the 2.2000 level.

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