GBP/AUD with a supply zone around 1.7360

GBP/AUD with a supply zone around 1.7360

GBP/AUD stays alive in the bearish trend held since several days ago, consolidating its price action below the 200 SMA at H1 chart, which is also offering a dynamic resistance in the pair across the board. The next target to the upside lies at the Fibo target of 50% in 1.7359, at which could trigger sell orders to reach the next downside target at the -23.6% Fibo level at 1.7137.

RSI indicator remains in the neutral territory, pointing to the downside in the short-term.

GBPAUDH1.png

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