GBPAUD Chart Technical Outlook

GBPAUD Chart Technical Outlook broad bias is bullish. Prices have been developing a widening structure. They stalled at an order block zone. Another dip can’t be ruled out, as the AUD is strengthening after today’s hawkish hold. The support zone is located at 1.9505-1.9570. I expect the dip to find buyers. A break above 1.9680 confirms the bottom and opens the door toward 1.9760-1.9810.

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