GBPAUD is trading just above the support level. At a point, a trendline, support and resistance of the channel pattern are crossing each other which will act as strong support for the GBPAUD. We might see some bounce back from point a of GBPAUD towards the resistance line so one can initiate a long position at point A for upside.
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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.