GBP/AUD
Updated
GBP/AUD is currently in a monthly support and resistance zone. Buyers currently don't appear to have enough momentum to be able to push price higher for a high high. Expecting Sellers to come back in and retest the 1.91500 QP and potentially push price higher. See take profit areas for sells.
Trade active
So Price was not able to breach 1.91800 QP and utilized it as a support to push price to a new higher high vs coming back down to the 1.91250. Continue to monitor for sells as we are still in monthly resistance zone but buyers have continued to remain in control
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.