GBPAUD testing resistance, Prepare For A Drop
GBPAUD is testing its resistance at 1.8 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where price is expected to drop to its support at 1.8529 (23.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support).
Stochastic (89, 5, 3) is testing its support where a corresponding bounce is expected.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89, 5, 3) is testing its support where a corresponding bounce is expected.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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.