GBP/AUD broke key resistance level 1.7600

GBP/AUD broke key resistance level 1.7600

  • GBP/AUD broke key resistance level 1.7600
  • Next buy target - 1.7800

 GBP/AUD continues to rise inside the medium-term impulse wave (3), which started earlier with the daily Morning Star from the support area near the strong support level 1.7350 (which has been reversing the price from June) and the lower daily Bollinger Band. The price today broke the key resistance level 1.7600 – which should accelerate the active impulse wave (3). GBP/AUD is expected to rise further toward the next buy target at the next resistance level 1.7800.

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