GBPAUD Peaked out at 2.00406 breaking the 1.99753 of August 2023. Price is currently consolidating within the range of 1.94878 (as upper boundary) and 1.93170 (as the lower boundary). A break on either side could trigger the next phase we might experience in the market. That said, I will prefer to see a continued push to the lower side to sustain the already forming down trend. Until we see a breakout for sure we wait for what the market will tell us.
Trade active
Sometimes the wait can be really tiring but in the end, it is always worth it. Attempting a break out to the upper side. Until we see a clear break, we keep waiting
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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.