Technical analysis

GBPAUD Wave Analysis 15 April, 2021

GBPAUD Wave Analysis 15 April, 2021

• GBPAUD broke support zone

• Likely to fall to support level 1.7680

GBPAUD recently broke the pivotal support level 1.7814 (which has been reversing the price from the start of March).

The breakout of the support level 1.7814 should accelerate the active downward impulse C – which belongs to the intermediate ABC correction (2) from March.

GBPAUD is likely to fall further toward the next support level 1.7680 (low of the previous correction 2 and the target for the completion of the active wave (2)).

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