Bullish engulfing day for GBPAUD helped in part by diverging Covid-19 developments.
Support around 1.7860 held on another retest.
Price back above 8 EMA which has done a decent job of capturing the downtrend from the April highs of 2.0852.
Fib retracements offer potential targets for longs with 23.6% at 1.8569 and 38.2% at 1.9006.
Support around 1.7860 held on another retest.
Price back above 8 EMA which has done a decent job of capturing the downtrend from the April highs of 2.0852.
Fib retracements offer potential targets for longs with 23.6% at 1.8569 and 38.2% at 1.9006.