GBPAUD is currently pushing up against the 100-day simple moving average (SMA) at 1.9460 after a bounce near the 200-day SMA’s region, which ultimately kept intact the medium-term positive outlook. Looking at the short-term oscillators, they paint an optimistic picture. The MACD is in the negative region and below its red trigger line but looks to move back above it, while the RSI is rising towards its neutral threshold. Furthermore, the 50- and 100-day SMAs maintain a positive tone despite somewhat flattening. That said the Ichimoku lines, although negative, have turned flat, which could reflect an end to the ... (full story)