GBPAUD - 4H - ANOTHER RE-TEST OF 2.00 OR ARE WE GOING DOWN?
Posting this right before the AUD news in the next 15 minutes so this chart could look different. In any case we have two scenarios ahead of us: either we'll re-test the 2.00 level or it'll drop to the rising trendline. A break of the trendline would suggest a move of another 300-400 pips (this pair moves quite a bit) but a bounce back up would lead to a lot of pressure between buyers and sellers. On a side note, we could be seeing a double top developing as well.
