🇬🇧 GBPAUD 🇦🇺 - Rising or falling? A breakthrough will determ

11 Jan

GBPAUD is forging a consolidation as market participants try to decide on the potential. The level of 1.9015 is an important zone for the participants. Overcoming the boundary of the consolidation range will form an entry point for price movement in one or another direction

Consolidation can lead to both ups and downs:

1) The market is testing a strong resistance level at 1.90150.
2) Consolidation is formed directly at the level of 1.90150.
3) Range boundaries are formed, the break of which will determine the further direction
4) Break of the support at 1.8939 - decline
5) Break of resistance 1.903 - growth