GBPAUD Chart Technical Outlook, The medium-term focus is on 1.9274,
The medium-term focus is on 1.9274. This is our bespoke support level and the 61.8% pullback level of the last rally.
The intraday chart is far more complex, as we try to analyze a possible wave count down to this important support.
With the appearance of a Reverse bullish Head and Shoulders pattern, we cannot rule out a correction to the upside. Prime resistance, using projected analysis, is located at 1.9813.