GBP/AUD Down 7 Pips in Last Hour, Crosses 100 Day Moving Average; in a Downtrend Over Past 14 Days

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Hourly Update (Last Updated March 22, 2021 1:47 GMT) At the time of this writing, GBPAUD’s rate is down -7 pips (-0.04%) from the hour prior. This is the 2nd hour in a row GBPAUD has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for…

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