The GBPAUD price has confirmed its adherence to a bullish trend, maintaining stability within the upward trajectory. This bullish momentum is supported by the critical support at the 1.9240 level, with the price currently fluctuating around 1.9540 and recording gains.
The stability of the 55-day moving average below the key support level further validates the bullish trend, while positive momentum from stochastic indicators strengthens the likelihood of targeting the 1.9625 level. A subsequent break above the 1.9775 resistance could pave the way for continued upward movement in the near future.
The expected trading range for today is between 1.9465 support and 1.9625 resistance.
Trend Forecast: Bullish
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