GBPAUD is approaching our first support at 1.8451 (horizontal overlap support, 23.6%, 38.2% fibonacci retracement, 61.8% fibonacci extension) and price might potentially bounce above this level to our resistance at 1.9026 (50% Fibonacci retracement).
RSI (89) is also approaching support and we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
audChart PatternsForexforexsignalsforextradingGBPGBPAUDgbpaudlonggbpaudshortHarmonic PatternsTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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