OANDA:GBPAUD   British Pound / Australian Dollar
GBPAUD has broken a strong descending trendline indicating a potential bullish momentum ahead. As it has made a new high and currently retracing towards fib premium levels of 38-50%. We can look for buying opportunities at the confluence of fib and trendline retest.

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.