GBPAUD is approaching horizontal pullback resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Prices might pullback towards horizontal swing low support in line with 61.8% Fibonacci extension and ascending trendline support. If prices continue to push up further, prices might face resistance from horizontal swing high resistance in line with 100% Fibonacci extension . MACD is also showing a crossover and a bearish signal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.