GBP/AUD has been trapped between a correction trendline and a support zone. Because of that the price moves back and forth in a tight range.
If the price manages to break the correction line, this will lead the price into the 1.91 zone.
Also, the price has completed a 5-wave impulse before, so any break above the correction line will start a new 5-wave impulse move.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
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