GbpAud has completed its downtrend. Price broke the December 13 low @ 1.74254 and made a new low on 7 Jan @ 1.74126 which now acts as new support. Price has since been getting rejected from the lows and momentum moving price upwards. Price broke key resistance @ 1.75000 and pull backed testing this restance turned support. Market closed with a bullish candle forming in H1 coming from a reversal. H4 candle closed above 1.74900 which will lead to price trading above 1.75000.
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