LimitMarkets

Chances for a rebound in GBPAUD

Short
OANDA:GBPAUD   British Pound / Australian Dollar
The parity price is staying in the vicinity of the long-term support/resistance level at 1.8000. The 50 Fibonacci retracement confirms the resistance. The level seems to prevent the price from further expansion. In the case of a U-turn, 1.7300 resistance will be on the radar.

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