GBP/AUD reversed from resistance zone

GBP/AUD reversed from resistance zone

  • GBP/AUD reversed from resistance zone
  • Next sell target - 1.7365

GBP/AUD recently reversed down from the resistance zone lying between the resistance level 1.7660 (which stopped the previous primary ABC correction ② at the start of May) and the upper daily Bollinger Band. The downward reversal from this resistance zone completed the previous intermediate ABC correction (2) from the end of August. GBP/AUD is expected to fall toward the next sell target at the next support level 1.7365.

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