GBP/AUD has broken below its ascending channel on the H1 timeframe, suggesting bullish momentum is fading. Price is currently consolidating below the broken structure while struggling to reclaim nearby resistance, increasing the probability of another bearish leg. A rejection from the highlighted resistance zone could confirm continuation toward the next support levels, while a sustained move back above resistance would invalidate the bearish setup.
🔴 1st Support: 1.91495
🔴 2nd Support: 1.91023
🟢 Resistance Zone: 1.92746 – 1.92985
⚠️ Disclaimer: This analysis is for educational purposes only.
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🔴 1st Support: 1.91495
🔴 2nd Support: 1.91023
🟢 Resistance Zone: 1.92746 – 1.92985
⚠️ Disclaimer: This analysis is for educational purposes only.
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🔸🔸 Charts Don't Lie, Traders Don't Quit 🔸🔸
Trade attivo
Nota
Markets expect another RBNZ rate hikeFX Impact Today :
Investors continue to expect the Reserve Bank of New Zealand to raise interest rates.
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