GBP/AUD Long-Term Trend: Bearish
Key Resistance Levels: 1.86828, 1.87467, 1.88256
Key Support Levels: 1.86301, 1.86010, 1.85761
The price on the higher time frame has been in a downtrend recently after it changed the direction from the1.90310 level. The pair has broken a few levels which suggests further trend continuation.
GBP/AUD Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.88256 and 1.87467 and has sustained below that. As of now the pair has broken and retested a minor level of 1.86828 before continuing the momentum.
Sell Stop Order @ 1.86600
TP @ 1.86311
Stop Loss @ 1.86889
Trade Safely 🙂