GBP/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.92289, 1.92598, 1.92915
Key Support Levels: 1.91534, 1.90931, 1.90399
Daily Chart:
The price on the higher time frame has been in an uptrend recently after it tested a support level of 1.89497 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 broke a consolidation zone of 1.90399 and 1.90931 and has sustained above that. As of now the pair has broken a minor level of 1.91534 before continuing the momentum.
Signal Idea:
Buy Limit Order @ 1.91859
TP @ 1.92265
Stop Loss @ 1.91451
Trade Safely 🙂