GBP/AUD Up 2 Pips On Hourly Chart; Price Base in Formation Over Past 90 Days

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Hourly Update (Last Updated March 26, 2021 1:57 GMT) At the moment, GBPAUD’s rate is up 2 pips (0.01%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. GBPAUD End of Day Recap Updated…

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