The GBPAUD currency pair is in the uptrend for three months.
The meetings of the Central Bank of England and the Central Bank of Australia will be held next week. If the Reserve Bank of Australia continues to stand idly by tightening of monitory policy in most countries of the world, the Bank of England has already started the cycle of enhanced interest rates.
The target of the GBPAUD uptrend is on approach, it is the maximum of the past year of 1.915. Then, when this level is achieved, a pullback from the trend line is possible but the uptrend of this currency pair remains predominant.
This content is for informational purposes only and is not intended to be investing advice.
