GBPAUD - Short

British Pound / Australian Dollar (OANDA:GBPAUD)

OANDA:GBPAUD British Pound / Australian Dollar

supportandresistance gbp aud gbpaud short support downtrend technicalanalysis

A downtrend here with significant touches at the resistance level .

A recent rejection at resistance at the 1.7690 levels calls for a short position as price heads down to support (1.7450)

supportandresistance
gbp
aud
gbpaud
short
support
downtrend
technicalanalysis

Comments

good analysis

I'd wait for a more clear break and retest of current support 👍

dtbluebay

@dtbluebay exactly... longs soon

dtbluebay

@dtbluebay yeah longs could come soon. All my trade ideas are intro-day, so I’ve already had my short and taken profits