GBPAUD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
While the price is below the resistance 2.02967, beginning of downtrend is expected.
We make sure when the support at 1.94297 breaks.
If the resistance at 2.02967 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 2.01490 on 02/03/2025, so more losses to support(s) 1.97390, 1.95896 and minimum to Major Support (1.94297) is expected.
Take Profits:
1.99134
1.97390
1.95896
1.94297
1.92784
1.91271
1.89131
1.85883
1.82533
1.80340
1.77000
1.72489
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