GBPAUD: Price Retested Support Level...Now???

2021年3月5日

Today's candle made a nice retest to the support level @1.7960 and rejected off that price level (Refer to H1/H4 timeframe). For now, I am seeing GBPAUD breaking out of 1.7960 level towards the upside. We managed to see a nice rejection off our moving averages followed by a retest to the broken resistance level (1.7960). For now, I will be expecting a BULLISH movement towards 1.8127 minimally with a potential movement back to a strong resistance level @1.8330.

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