GBP/AUD resuming the move up as long as POC zone holds

Nenad Kerkez Top-XE

The GBP/AUD has completed the retracement and the price is currently holding above the D L3 level.

A rejection off the 88.6 and the POC zone could make the price continue going further up. As long as the price is holding above 1.7815-40 it will be a bounce off the POC zone. Targets are 1.7850 followed by 1.7886 and 1.7950. However if we see a drop below 1.7790 then the price is going to become bearish and targets are 1.7761 and 1.7740.

The analysis has been done with the CAMMACD.Core System.

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Author

Nenad Kerkez

Top-XE

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