GBPAUD Chart Technical Outlook

GBPAUD Chart Technical Outlook trades north toward 1.9010 on more risk aversion GBP/AUD broad bias is bullish. Prices have completed a three-wave corrective structure, WXY, and bounced higher. The sell-off stalled at the 50% Fibo level, overlaps with a previous swing low. It showed oversold and bullish divergence conditions in intraday charts. The pair correlates negatively with stocks. The current risk aversion helps bulls to push prices higher. I expect more upside price action. Resistances: 1.9010, 1.9130 Supports: 1.8800, 1.8630

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