GBP/AUD: 4-hour
Here’s another pair that’s hovering around the mid-channel area of interest. GBP/AUD appears to be finding support around the 1.8200 level, which held as resistance in the past. Stochastic is already moving out of the oversold zone, suggesting that the pair could soon head north. If the middle of the channel holds as support, price could make another test of the channel resistance at the 1.8400 mark. But if support at 1.8200 gives way, GBP/AUD could head to the bottom of the channel near 1.8000.
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