The 6 hour timeframe of the GBPAUD is inspected for chart patterns in this analysis and possible implications. A rising diagonal (wedge) in the GBPAUD is highlighted on the chart. The implication of the chart pattern is ideally bearish. 1.87224 and 1.85547 are marked as immediate resistance and support respectively.
Selling the GBPAUD on a close below 1.85547 with the bottom of the wedge anticipated as minimum expectation for the bearish price swing.
Selling the GBPAUD on a close below 1.85547 with the bottom of the wedge anticipated as minimum expectation for the bearish price swing.
