GBP/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.89346, 1.90943, 1.91000.
Key Support Levels: 1.88045, 1.86883, 1.86000.
The price on the higher time frame found support around the 1.88045 AUD mark where long wicks to the downside has been left showing that the buyers are in full control of the market. We expect a rally from that zone toward the next key resistance level which is 1.89346 AUD.
GBP/AUD Medium-Term Trend: Bullish
On the lower time frame, the pair succeeded to break the bearish channel to the upside where higher lows has been posted that have the shape of double bottom. A lower correction could be seen to the highlighted zone before a new impulsive wave toward the target profit.
Buy Limit Order @ 1.88573
TP 1 @ 1.89332
TP 2 @ 1.90943
Stop Loss @ 1.88213
Trade Safely 🙂