GBP/AUD (Long)

The daily chart is showing that price action is approaching a key level of support/resistance and the 50 EMA which could act as dynamic support. This key level acts more as resistance rather than support, so price action will need to provide some form of price structure that will indicate a potential reversal back towards the upside. The four hourly chart is showing a bullish flag consolidation formation leading from the long term bull trend, indicating that the bull trend could continue.