GBP/AUD Bears Underway

GBP/AUD is dropping rapidly, now seen in the fifth wave of a higher degree wave A), which started in March of this year.

GBP/AUD is dropping rapidly, now seen in the fifth wave of a higher degree wave A), which started in March of this year. We can see a sharp decline underway from the latest swing high in 4 of A), which can take price towards the 1.733/1.705 possible support level in days ahead, where a new bigger correction as part of a downtrend may be seen.

GBP/AUD, daily

Comments