GBPAUD Bounced Off Support, Potential For A Further Rise
GBPAUD bounced nicely off its support at 1.8011 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.8099 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is bounced off its support at 4.9% where a corresponding rise could occur.
Stochastic (55, 5, 3) is bounced off its support at 4.9% where a corresponding rise could occur.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.