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GBP/AUD Breaks Below Support

08/10/2023

Less than a minute

2023.08.10 10:18

Scott Barkley

At the moment, is situated at 1.9426, within a new channel. Should we successfully break through the current support level, we anticipate a continuation towards the ATR target at 1.9322, with an ultimate target of 0.382 Fibo at 1.9290. To determine direction, keep an eye on the USDX. The pair’s average daily true range (ATR) is 163 pips per day, while its 90 day average is 143 pips per day. Currently, the USDX is trending downwards.

GBPAUD –breaks support can it push through