The GBPAUD is retracing to a key level around 1.91628, which is anticipated to act as a strong support and demand zone. This area is expected to have high liquidity, making it a potential reversal point where buying interest could overpower selling pressure, leading to a price increase. Traders should monitor this level closely for signs of buying strength and potential entry points for long positions.
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.
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.