The Pound Sterling increased by about 1.91% in values against the Australian Dollar during the last week. The currency pair breached February 8 swing high of 1.8350 during this short period.
Everything being equal, it is likely that the British Pound will continue to gain strength during the following trading sessions. Buyers could push the exchange rate towards a resistance cluster formed by the weekly and the monthly pivot points at 1.8501.
Meanwhile, technical indicators flash bullish signals on both the daily and weekly time frames.
