GBPAUD 08.06.2021

Technical Analysis
Tuesday, June 08, 2021 - 15:10
Point Trader Group
GBPAUD 08.06.2021

Overview: 

Prices are moving in a downtrend. 

Expected scenario: 

The pair is trading below a strong resistance level around 1.8285, which enhances the chances of a drop to 1.8210 

Alternative scenario: 

On the other hand, we see that if the level of 1.8285 is broken upwards, it may push this pair to rise to 1.8330

Resistance levels

1.8285

1.8300

1.8330

Support levels

1.8210

1.8180

1.8166

 

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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