GBPAUD has been bearish for a while now and with Brexit volatility looming we could see further downside here.
Price is currently testing the moving averages and key resistance of 1.7750. Applying trendline support we could expect a breakout
if this market breaks and closes below the trendline support. 1st targets come in around the key support at 1.7360. Alternatively, we could
wait for a double top pattern to form here before seeing further downside.
Price is currently testing the moving averages and key resistance of 1.7750. Applying trendline support we could expect a breakout
if this market breaks and closes below the trendline support. 1st targets come in around the key support at 1.7360. Alternatively, we could
wait for a double top pattern to form here before seeing further downside.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.