Based on the recent GBPAUD chart, the market shows signs of a short-term downtrend after failing to break through the resistance levels around 2.0820. Currently, the price is testing key support levels, and if it continues to stay below this resistance, a decline towards 2.0670 could occur.
Technical Analysis: GBPAUD is currently trading near the 2.0725 area. The key resistance remains at 2.0820. If the price remains below this level, a downtrend towards 2.0670 is possible. The support levels at 2.0725 and 2.0670 will be crucial to watch for confirming the downward trend.
Market Factors: Strong economic data from the U.S., particularly higher GDP growth and lower-than-expected unemployment claims, have strengthened the USD, negatively impacting GBP. This may continue to put pressure on GBP, causing GBPAUD to decline.
Technical Analysis: GBPAUD is currently trading near the 2.0725 area. The key resistance remains at 2.0820. If the price remains below this level, a downtrend towards 2.0670 is possible. The support levels at 2.0725 and 2.0670 will be crucial to watch for confirming the downward trend.
Market Factors: Strong economic data from the U.S., particularly higher GDP growth and lower-than-expected unemployment claims, have strengthened the USD, negatively impacting GBP. This may continue to put pressure on GBP, causing GBPAUD to decline.
Trade active
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.