GBPAUD is nearing a key level. If this resistance Trend line can hold then we could see this pair start to distribute over the next week or 2 and start a move down. Price did however bounce off the monthly Support which lines up with my 38.2 fib line. Its actually broken it then come back and re-tested it so it could make its way up to the 50% fib retracement area first before making its move south
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.