GBPAUD - Go with the trend

GBPAUD (1H) - short term bullish bias

After breaking through the psychological level of 1.8800, the pound sterling found support at the 30-day moving average. The uptrend remains in place as long as buyers commit themselves at key support levels. On the hourly chart, short-term traders can trade along the medium-term trend after the offers near 1.8700 got lifted. As the RSI stays in the neutral area, we may expect the pair to rally towards 1.8900 after its two-day-long consolidation.

Key support: 1.8750
Key resistance: 1.8900