GBPAUD
GBPAUD has been rangebound since the Middle of September but is attempting a break below the range today. We have had two previous attempts to break lower with a daily candle close below opening up a larger move to the downside. The next key support area rests around the 1.8500 handle which is 400-odd pips away.
If price does fail to close below today it could still do so tomorrow following the BoE meeting. The 200-day MA will provide resistance as it rests just above the 1.9000 handle while another hurdle rests at the 1.9110 mark.
GBPAUD has been rangebound since the Middle of September but is attempting a break below the range today. We have had two previous attempts to break lower with a daily candle close below opening up a larger move to the downside. The next key support area rests around the 1.8500 handle which is 400-odd pips away.
If price does fail to close below today it could still do so tomorrow following the BoE meeting. The 200-day MA will provide resistance as it rests just above the 1.9000 handle while another hurdle rests at the 1.9110 mark.
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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.