GBPAUD fix on SUPPORT line and GROW

A few months ago, at the very beginning of autumn, the price began an uptrend. However, after it broke through the 1.781 support line in October and came to the 1.853 resistance line, the trend broke and the price began to fall.

Thus, since the end of October, the price has been in a downtrend. Last week it fell sharply and broke through the support line at 1.785 during the fall, but now it is clear that the price has returned back to the trend, having managed to break through the support again during the growth.

The price started a new growth taking into account the support line of 1.777. It grew a little, rolled back and is now again not far from the support. And this is a good move to form a hold on the line. Which speaks of future price increases.

Therefore, I expect that the price will start to grow after fixing on the support line. The final target is thus the resistance line 1.799.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻