GBP/AUD reversed from resistance zone

GBP/AUD reversed from resistance zone

  • GBP/AUD reversed from resistance zone
  • Next sell target - 1.6800

GBP/AUD continues to fall inside the intermediate impulse wave (3), which started earlier from the combined resistance area lying at the intersection of the key resistance level 1.7130 (top of the previous minor correction 2 from July), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse from the start of May. GBP/AUD is expected to fall to the next sell target at the next support level 1.6800.

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