CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFI Financial Group Global Brand Ambassador

Lewis Hamilton

CFI Financial Group Global Brand Ambassador

Get started

Home/

Forex

GBP/AUD 4H: Buyers Test Resistance

GBP/AUD rebounds toward resistance as momentum strengthens, with RSI rising and price testing the upper range.

Lismore Burke

Trading Education Office

Published on

September 29, 2026

In this article:

British Pound vs Australian Dollar

----

GBP/AUD remains inside a well-defined sideways range, with repeated reactions from support around 1.8710–1.8740 and resistance around 1.8920–1.8980. The latest rebound from the lower end of the range has carried price back toward the upper resistance zone.

Buyers Push Back Into Resistance

Price is trading around 1.8929 after a strong recovery from the September low. The latest 4-hour candle briefly reached approximately 1.8958, placing GBP/AUD directly back inside an area where previous rallies have attracted sellers.

The red arrows on the chart highlight earlier failures around this same resistance region.

Bollinger Bands

Price has moved above the 20-period Bollinger midline near 1.8858 and is now pressing into the upper Bollinger Band around 1.8918. Trading above the midline reflects improving short-term momentum, although price is becoming more extended as the upper range comes back into focus.

RSI

RSI has climbed to approximately 62.9, comfortably above the neutral 50 level. This confirms stronger upside momentum behind the latest rebound, while remaining below the 70 area typically associated with overbought conditions.

Trade with the region's leading broker

Start trading now.

Tags:

Trading Forex

Lismore Burke

Trading Education Office

View all articles

Disclaimer: The content published above has been prepared by CFI for informational purposes only and should not be considered as investment advice. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell. The information provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it, and is not held out as independent investment research and may have been acted upon by persons connected with CFI. Market data is derived from independent sources believed to be reliable, however, CFI makes no guarantee of its accuracy or completeness, and accepts no responsibility for any consequence of its use by recipients.

See All

Forex