GBPAUD to find resistance at current market price?GBPAUD - 24h expiry
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
2.0204 has been pivotal.
Bespoke resistance is located at 2.0190.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
We look to Sell at 2.0179 (stop at 2.0236)
Our profit targets will be 2.0011 and 1.9971
Resistance: 2.0163 / 2.0204 / 2.0240
Support: 2.0100 / 2.0065 / 2.0000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Gbp-aud
#047: Short Investment Opportunity on GBP/AUD
The GBP/AUD exchange rate is currently in a particularly interesting technical phase, characterized by a structure that deserves attention from those who analyze the market with a professional, non-reactive approach. The recent movement displays all the typical characteristics of a corrective rally rather than a genuine directional impulse, suggesting that the market is working more on redistributing liquidity than building a new uptrend.
From a structural perspective, the price is operating in an area definable as "premium," where institutional traders historically tend to reduce long exposures and build opposite positions. The lack of acceleration, combined with a progressive loss of momentum, reinforces the hypothesis that the current movement is incentivizing late retail entry rather than supporting a directional continuation.
Price action analysis highlights signs of absorption at the upper end of the structure. Candlesticks show progressive rejections and the price's inability to consolidate above key areas, a behavior typical of distribution phases. In these contexts, the market does not need to decline immediately: it often trades sideways or with small, controlled increases, precisely to accumulate the liquidity necessary for the next move.
From a volume perspective, the picture is also consistent. Volumes do not convincingly accompany the rise, and the areas of greatest trading are located above the current price, suggesting that the most significant participation occurred in higher areas. This type of configuration tends to favor, over time, a price reversion to underlying areas of inefficiency, where liquidity is not yet fully explored.
Retail sentiment, cross-referenced across multiple sources, appears balanced and free of extremes. This is particularly important: the absence of an unbalanced positioning eliminates the risk of sudden contrarian movements and leaves room for a dynamic driven primarily by the technical structure and liquidity management. In other words, it is not sentiment that drives the market in this phase, but rather the logic of price.
On the macro and intermarket levels, the cross reflects a period of relative uncertainty, with neither currency expressing enough dominance to justify impulsive movements. This reinforces the idea of an environment favorable to mean reversion trades and re-entries toward equilibrium areas, rather than aggressive directional extensions.
In short, GBP/AUD is in a configuration that, from an institutional perspective, is typically associated with distribution phases and potential subsequent corrective movements. As always, the key is not to anticipate the market, but to wait for the price to provide confirmation through the behavior of the candlesticks and the structure. In these contexts, patience and operational discipline make the difference between a theoretically correct analysis and a truly professionally executed trade.
The market shouldn't be chased: it should be read. And when the structure speaks clearly, the trader's job is not to predict, but to recognize.
GBP/AUD Forecast: Strategic Divergence & Market ShiftsStrategic Outlook: The Sterling Breakout
The Pound Sterling (GBP) has established a dominant position against the Australian Dollar (AUD) as 2025 closes. This shift represents a fundamental divergence in national economic strategies, not merely market fluctuation. The Bank of England (BoE) executed a "hawkish cut" to 3.75% in December, signaling long-term stability. In contrast, the Reserve Bank of Australia (RBA) remains paralyzed at 3.60% due to persistent inflation. This analysis dissects the geopolitical, technological, and industrial forces driving this volatility.
Macroeconomics: The Central Bank Divergence
The core driver of the GBP/AUD rally lies in contrasting monetary policies. The BoE managed a delicate pivot in December. By cutting rates while warning of inflation, they maintained yield appeal. Markets interpreted this decisiveness as strength, bolstering the Pound. Conversely, the RBA faces a credibility crisis. Australian CPI remains stubbornly high at 3.8%. Yet, the RBA held rates steady, fearing a mortgage cliff. This hesitation signals weakness. The "yield advantage" now firmly favors London over Sydney.
Geopolitics & Geostrategy: Risk Aversion Protocols
Global instability disproportionately harms the Australian Dollar. As a "risk-proxy" currency, the AUD suffers when tensions rise in the Indo-Pacific or Eastern Europe. Investors flee to safe havens or deeper liquidity pools like the GBP. Furthermore, the UK-Australia Free Trade Agreement has matured. While removing tariffs, it exposed Australia’s reliance on raw commodity exports. The UK’s pivot to high-value service exports insulates it better from supply chain disruptions. This structural imbalance currently weighs heavily on the Aussie.
Industry Trends: Services vs. Commodities
The UK economy is evolving faster than its Australian counterpart. Recent data indicates UK Intellectual Property (IP) investment surged by 15%. Britain is successfully transitioning to a high-value "intangible economy." Australia remains tethered to the "rocks and crops" model. While critical minerals are vital, global demand for lithium and iron ore has softened. This cyclical downturn in commodities drags the AUD down. The UK’s service-based resilience offers a more stable platform for currency appreciation.
Technology & Cyber: The Digital Trade Surplus
A hidden driver of Sterling's strength is the UK's dominance in digital services. Britain’s tech sector is leveraging AI to boost productivity. This export of digital solutions creates a "capital account surplus" that supports the GBP. In contrast, Australia faces a "cyber-sovereignty" challenge. As it digitizes mining operations, cybersecurity costs are rising. This increases operational overheads for major Australian firms. Consequently, foreign capital flows are hesitant, preferring the mature tech ecosystem of the UK.
Patent Analysis: The Innovation Gap
Patent filings reveal the future trajectory of these economies. UK firms are filing aggressively in fintech and biotech. This signals future revenue streams protected by global law. Australian innovation remains heavily concentrated in mining technology. While valuable, it is sector-specific. The lack of economic diversity in Australian patent data suggests a rigid business model. Investors prefer the diversified innovation portfolio of the UK, adding a premium to the Pound.
Leadership & Governance: Corporate Resilience
UK corporate leadership has adapted well to the "higher-for-longer" rate environment. FTSE 100 companies have successfully deleveraged balance sheets. This financial prudence attracts institutional investors. Australian management teams face different pressures. The heavy reliance on variable-rate borrowing in Australia squeezes cash flow. Business confidence in Sydney has dipped as leaders brace for potential rate hikes in 2026. This pessimistic corporate sentiment bleeds directly into the currency valuation.
Forecast: The Path to 2026
The immediate outlook for GBP/AUD remains bullish. The pair is likely to test new highs as liquidity thins over the holiday period. Traders should watch for signals of a pause in BoE cuts and critical Q4 inflation data from the RBA. The structural advantages of the UK economy currently outweigh the commodity potential of Australia. Position for continued GBP strength into Q1 2026.
GBPAUD to find sellers at current market price?GBPAUD - 24h expiry
Daily signals are mildly bearish.
50 1day EMA is at 2.0251.
Offers ample risk/reward to sell at the market.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our outlook is bearish.
We look to Sell at 2.0249 (stop at 2.0321)
Our profit targets will be 2.0049 and 2.0019
Resistance: 2.0250 / 2.0300 / 2.0350
Support: 2.0180 / 2.0120 / 2.0075
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GBPAUD forming a top?GBPAUD - 24h expiry
Posted a Double Top formation.
A Doji style candle has been posted from the high.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
50 1day EMA is at 2.0338.
Offers ample risk/reward to sell at the market.
We look to Sell at 2.0315 (stop at 2.0388)
Our profit targets will be 2.0095 and 2.0045
Resistance: 2.0327 / 2.0366 / 2.0400
Support: 2.0253 / 2.0200 / 2.0116
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GBPAUD: volume Profile and Static levelsHello everyone!
This is the daily chart!
As you can see, there 2 channels here. One bearish and the other one is bullish. In coincide of two supports of them we see a strong previous S&R!
V.P of October is out strong resistance! We see a great momentum after it. There is middle of the bearish channel around too.
If we see a weak upward move, we can enter a short trade around the volume profile POC.
The TP is just over the static support and around the dynamic support.
You can also buy from support if we see a weakness in bears.
GBPAUD has formed a double top.GBPAUD - 24h expiry
Posted a Double Top formation.
We look for a temporary move higher.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 2.0305 (stop at 2.0381)
Our profit targets will be 2.0085 and 2.0045
Resistance: 2.0260 / 2.0343 / 2.0400
Support: 2.0150 / 2.0100 / 2.0030
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Bullish bounce off 50% Fibonacci support?GBP/AUD has bounced off the pivot level, which is acting as a pullback support, and the pair could potentially rise toward the 1st resistance.
Pivot: 2.0082
1st Support: 1.9995
1st Resistance: 2.0272
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party.
Bearish drop off pullback resistance?GBP/AUD has reacted off the pivot and could drop to the 1st support.
Pivot: 0153
1st Support: 1.9970
1st Resistance: 2.0309
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party.
GBPAUD to continue in the downward move?GBPAUD - 24h expiry
Daily signals are bearish.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
20 1day EMA is at 2.0276.
Previous resistance located at 2.0285.
We look for a temporary move higher.
We look to Sell at 2.0275 (stop at 2.0351)
Our profit targets will be 2.0055 and 2.0015
Resistance: 2.0192 / 2.0260 / 2.0342
Support: 2.0134 / 2.0100 / 2.0020
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GBP/AUD - Bearish Flag Pattern in H1GBP/AUD – Sell Entry (H1 – Flag Pattern)
The GBP/AUD Pair, Price has been trading within a Flag Pattern on the H1 chart, forming consistent lower highs and lower lows. Price action is now testing the lower boundary of the pattern, signalling a possible breakdown.
✅Market Context:
1️⃣Downward structure building inside the pattern.
2️⃣Sellers are showing strength near support levels.
3️⃣Breakdown below the trendline indicates momentum continuation toward lower zones.
✅Trade Plan:
Entry: Sell after confirmed breakdown below the support (Candle close below trendline or retest of the breakout).
💰Take Profit (TP): At the Key Zone – major support area identified ahead.
🛑Stop Loss (SL): Above the pattern structure / recent swing high.
✅Psychological Discipline:
1️⃣Stick to plan – No Revenge Trades.
2️⃣Accept losing trades as part of the strategy.
3️⃣Risk only 1–2% of your account balance per trade.
💬 Support the community: If you found this useful, drop a 👍 like and share your thoughts in the comments!
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Forex trading involves high risk. Trade only with capital you can afford to lose and always do your own research.
GBPAUD to find buyers at current market price?GBPAUD - 24h expiry
Our short term bias remains positive.
50 4hour EMA is at 2.0572.
Offers ample risk/reward to buy at the market.
Our short term bias remains positive.
Prices have reacted from 2.0244.
We look to Buy at 2.0575 (stop at 2.0505)
Our profit targets will be 2.0784 and 2.0824
Resistance: 2.0665 / 2.0697 / 2.0785
Support: 2.0559 / 2.0459 / 2.0425
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Bearish continuation setup?GBP/AUD is rising towards the resistance level, which is a pullback resistance and could reverse from this level to our take profit.
Entry: 2.0352
Why we like it:
There is a pullback resistance level.
Stop loss: 2.05477
Why we like it:
There is a swing high resistance level.
Take profit: 2.0139
Why we like it:
There is a support level that lines up with the 61.8% Fibonacci projection.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBP/AUD – Triangle Breakout (03.10.2025)📊 Setup:
GBP/AUD has broken down from a Triangle Pattern on the 30M chart. Price rejected the resistance zone and confirmed bearish momentum by closing below the trendline support. The breakout signals potential continuation towards lower support levels.
📉 Trade Plan:
Bias: Bearish as long as price remains below the resistance zone and triangle breakout level.
1st Support Target: 2.0273
2nd Support Target: 2.0225
✅ Support Factors:
Triangle breakout pattern
Rejection from resistance zone
1.Ichimoku alignment showing bearish momentum
2.Volume profile showing weakness above current level
#GBPAUD #Forex #Trading #TechnicalAnalysis #PriceAction #TriangleBreakout #ForexSignals #FXTrading #BearishSetup #TradingView
⚠️ Disclaimer:
This analysis is for educational purposes only and not financial advice. Always use proper risk management and do your own research before entering trades.
💬 Support the Analysis:
If you find this useful, Like 👍, Comment 💬, and Follow ✅ for more trade setups & updates.
GBPAUD forming a bottom?GBPAUD - 24h expiry
Price action looks to be forming a bottom.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
The medium term bias remains bullish.
50 1week EMA is at 2.0345.
Prices have reacted from 2.0292.
Trading within the Wedge formation.
2.0360 has been pivotal.
The previous swing low is located at 2.0342.
We look to Buy at 2.0361 (stop at 2.0311)
Our profit targets will be 2.0511 and 2.0531
Resistance: 2.0412 / 2.0445 / 2.0492
Support: 2.0352 / 2.0330 / 2.0292
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Bearish reversal off overlap resistance?GBP/AUD is rising towards the resistance level, which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could potentially reverse from this level to our take-profit.
Entry: 2.0593
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss: 2.0743
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Take profit: 2.0351
Why we like it:
There is a pullback support.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bearish continuation?GBP/AUD has rejected off the pivot and could drop to the 1st support.
Pivot: 2.0460
1st Support: 2.0304
1st Resistance: 2.0565
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish reversal off major support?GBP/AUD is falling towards the pivot which is a multi swing low support and could bounce to the 1st resistance.
Pivot: 2.0460
1st Support: 2.0304
1st Resistance: 2.0658
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal off major resistance?GBP/AUD is rising towards the resistance level, which is an overlap resistance that is slightly below the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2.0718
Why we like it:
There is an overlap resistance level, which is slightly below the 38.2% Fibonacci retracement.
Stop loss: 2.0839
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Take profit: 2.0576
Why we like it:
There is an overlap support level that aligns with the 78.6% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Falling towards major support?GBP/AUD is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 2.0702
1st Support: 2.0582
1st Resistance: 2.0864
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.






















