Looking at the chart the market 
GBPAUDhas created new short term highs - but returning to 1.7600 about 4 times as we see the price repeatedly getting rejected from that level. We look to see price move to the 200MA, although capped by the 100MA
Looking for further cues as to whether 1.7600 will hold.
GBPAUDhas created new short term highs - but returning to 1.7600 about 4 times as we see the price repeatedly getting rejected from that level. We look to see price move to the 200MA, although capped by the 100MALooking for further cues as to whether 1.7600 will hold.
Note
Strong 2H Close - Bearish EngulfingRejection wick on 4H. Closed at 1.76340
Bullish Bias
Note
Price broke below 1.7600 - Still within the demand zone...Note
Price is supported around the 1.7550 region. Seems to be holding just below 1.7600. Will either close later today or hold through to next week if price can break above 1.7600 and use as supportNote
Still in it to win it...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.