CapitalHillFX

A Couple Buy Opportunities on GBPAUD

Long
OANDA:GBPAUD   British Pound / Australian Dollar
There's a couple different ways that GbpAud could play out. It's possible that price could continue it's bullish momentum and break the current resistance level it's approaching. In this case, I would be trading the break and and retest of that level.

If prices begin to drop, the lower Daily Significant Level would be a potential zone where price may react with. Either way it plays out, I have a bullish bias for this pair. Well see how this one plays out come market open.

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