GBP/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.93715, 1.94022, 1.94209
Key Support Levels: 1.92927, 1.92488, 1.92015
Daily Chart:
The price on the higher time frame has recently been in an uptrend after it tested a support level of 1.86201 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.
GBP/AUD Medium-Term Trend: Bullish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a consolidation zone of 1.92488 and 1.92927 and has sustained above that. The pair has shown signs of retracement to a minor level of 1.93250
Signal Idea:
Buy Limit Order @ 1.93272
TP @ 1.93672
Stop Loss @ 1.92852
Trade Safely 🙂
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