GBP/AUD was trading in a narrow range, at 1.818 and during later EU trading pair jumped to 1,83 area.
Price action is on verge of breakout of ‘Symmetric Triangle’ pattern.
Technical studies also support upside. Volatility is also rising.
Break above Triangle top at 1.8185 will see gains till 78.6% Fib at 1.84.
Immediate support is seen at 5-DMA at 1.8082. Break below 200-DMA negates bullish bias.
Support levels – 1.8147 (61.8% Fib), 1.8084 (5-DMA)
Resistance levels – 1.8284 (Jan 3rd high), 1.84 (78.6% Fib)

Disclaimer: The content of the Reports constitutes Marketing Communication and does not constitute Investment Advice or Investment Research or an offer for any transactions in financial instrument. The content of the Reports represents the view of our experts on a generic basis, and does not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the Reports have not been prepared in accordance with legal requirements designed to promote the independence of Investment Research, and are not subject to any prohibition on dealing ahead of the dissemination of Investment Research. Readers using the Reports should consider the possibility of encountering substantial losses. The past performance is not a guarantee of future results. Therefore, Goldenburg Group Limited shall not accept any responsibility for any losses of traders due to the use and the content of its Reports.