GBP/AUD mark: 1.73098
Forecast: Down
Key points:
Resistance: 1.7645
1st support & Fibonacci Retracement (23,60%): 1.72000
2nd support & Fibonacci Retracement ((38,20%): 1.70000
The inner side of the longitudinal ascending line is acting now as Resistance. We also have a good bearish candle. Probably price will touch 1st Support line & Fibonacci Retracement (23,60%) around 1.72000. If this target were broken then a second bearish leg could bring the cross to the snd support area around 1.70000;