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GBP/AUD Price Analysis: Bulls stepping in ahead of RBA minutes

  • GBP/AUD bulls are in charge ahead of the RBA minutes. 
  • GBP/AUD breaks hourly resistance in choppy 15-min price action. 

GBP/AUD is taking on the hourly resistance and the 1.83 level as traders get set for the Reserve Bank of Australia minutes.

Hourly chart

15-min chart

The 15-min chart shows that the price is rallying to try and print a fresh high into the event. 

Update

The bulls are well and truly testing the bearish commitments:

 

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