The GBPAUD currency pair is exhibiting a positive trend, confirmed by recent bullish closes above the support line of the bullish channel at 1.9158. The price has maintained its position above the 55-day moving average (MA55), gaining new upward momentum that reinforces the bullish outlook.
The 1.9315 level is also attempting to establish additional support, which could further activate a bullish rally. As a result, traders can anticipate a target of 1.9510 in the near term. If the price surpasses this level, the next main target is expected to be 1.9580.
The anticipated trading range for today is between 1.9340 and 1.9510.
Trend Forecast: Bullish
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