From a technical analysis perspective, GBPAUD is forming a short-term reversal pattern and this scenario will be reinforced by a break below support zone from 1.68, then exposing to the next zone, which is also the target for our strategy, at 1.64.
The MACD indicator is sending a bearish signal and we could also notice the candlestick formation - bearish evening star.
The MACD indicator is sending a bearish signal and we could also notice the candlestick formation - bearish evening star.