Technical levels of AUD/CAD
GBP/AUD broke support area
- GBP/AUD broke support area
- Next sell target - 1.7200
GBP/AUD recently broke the support area lying at the intersection of the key support level 1.7600 (which has been reversing the price from the middle of February) and the 61.8% Fibonacci retracement of the previous sharp medium-term impulse wave (C) form the middle of January. GBP/AUD is expected to fall further toward the next sell target at next support level 1.7200. Strong resistance now stands at 1.7600.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...