GBPAUD Long - Resistance turned Support
Price has already been on a fantastic run higher, alongside GBPNZD / GBPCAD.
Price has been trading higher whilst respecting its resistance zone.
We have now broken through this, and come back down for a re-test.
A wave of buyers have entered the market, suggesting there could be another leg higher.
Fundamentally this trade is risk heavy as Brexit negotiations continue to dominate the headlines.
Price has been trading higher whilst respecting its resistance zone.
We have now broken through this, and come back down for a re-test.
A wave of buyers have entered the market, suggesting there could be another leg higher.
Fundamentally this trade is risk heavy as Brexit negotiations continue to dominate the headlines.
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