In this video update, we take a look at GBPAUD as price continues to consolidate at the key resistance zone. The 4hr timeframe has formed a lower low and price could be forming a downtrend on this timeframe. A break below the current lows will confirm the bears are in control and that further downside is more likely to the 0.7300 demand zone.
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.