GBPAUD Chart Technical Outlook

GBPAUD Chart Technical Outlook there is scope for a correction to 1.9359, the medium-term bias remains to the upside. However, the intraday chart highlights scope for a move lower toward the 1.9358-1.9353 zone. We would then look for the completion of a bullish Bat formation and for buyers to return to this cross.
There is ample scope for a mild intraday rally as we correct higher within the BC leg.
It will be interesting to see where this cross stands in front of Friday’s UK gross domestic product release.

We will be happy to hear your thoughts

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