GBPAUD recently broke the resistance area lying between the round resistance level 1.8000 and the resistance trendline of the daily down channel from the middle of June.
The breakout of this resistance area accelerated the active short-term corrective wave 2 from the start of July.
GBPAUD is expected to rise further and retest the next resistance level 1.8160 (former key support from May and June).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
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