GBPAUD is currently expected to move higher. This bullish outlook is supported by the formation of a swing low along with an upward trendline, both of which confirm continued bullish momentum.
With this technical setup, GBPAUD has strong potential to rise further toward the nearest resistance level.
Recommendation:
- Buy GBPAUD
- Entry: 2.05484
- Take Profit: 2.05894
- Stop Loss: 2.05223
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
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