GBP/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.9218, 1.9320, 1.9527
Key Support Levels: 1.9015, 1.8944, 1.8828
In the higher time frame, We have been watching this pair closely. The pair has shown good strength lately and successfully broke the resistance zone. As of now, Price retested the previous resistance zone and bounced back from there. Price has sustained above the resistance zone and it confirms the bullish trend.
GBP/AUD Medium-Term Trend: Bullish
On the lower time frame, We saw some consolidation after a good bullish move. Price was moving in an ascending channel and recently it broke the upper channel and has retested as well. We expect a clear upward move with good protection from the downside.
Buy Limit Order @ 1.9095
TP 1 @ 1.9212
TP 2 @ 1.9299
Stop Loss @ 1.9018
Trade Safely 🙂