GBP/AUD reversed from support area

GBP/AUD reversed from support area

  • GBP/AUD reversed from support area
  • Next buy target - 1.8500

GBP/AUD recently reversed up with the daily Morning Star from the support area lying between the strong support level 1.8270, upper trendline of the wide daily up channel from January (acting as support after it was broken previously) and the 38.2% Fibonacci correction of the upward impulse (i) from the start of March. GBP/AUD is expected to rise toward the next buy target at next resistance level 1.8500 (monthly high from March).

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