• GBPAUD reversed from support level 1.7620
• Likely to rise to resistance level 1.7825
GBPAUD recently reversed up from the support level 1.7620, which is the lower boundary of the tight sideways price range inside which the pair has been moving from the start of May.
The support level 1.7620 was further strengthened by the 20-day moving average and by the 38.2% Fibonacci correction of the earlier upward correction (ii).
GBPAUD can be expected to rise further toward the next resistance level 1.7825 (upper boundary of the active sideways price range).
- GBPUSD broke support zone - Likely to fall to support level 1.2465 GBPUSD currency…
- USDCHF broke resistance zone - Likely to rise to resistance level 0.9000 USDCHF currency…
The decline in EURUSD was driven by weak PMI figures, with France and Germany both…
Gold has reached record high in euro above 2600, and growing fast in dollar terms…
The crypto market is booming as the anticipation of regulatory changes grows. Bitcoin nears $100K,…
- GBPCAD broke support zone - Likely to fall to support level 1.7500 GBPCAD currency…
This website uses cookies