GBPAUD recently reversed down from the resistance area lying between the key resistance level 1.8820 (which has been steadily reversing the price from January) – strengthened by the upper daily Bollinger Band.
The downward reversal from this resistance area stopped the B-wave of the active ABC correction (B) from the middle of March (which stared from the same resistance level 1.8820).
GBPAUD is expected to fall further and re-test the next support level 1.8600.
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies