GBP/AUD: 4-hour
Can’t get enough of ranges? Here’s another one on GBP/AUD’s 4-hour forex time frame. The pair has been pacing back and forth between support at the 1.9100 major psychological level and resistance at the 1.9450 minor psychological mark. For now, price is testing the bottom of the range and might be ready to make another bounce, as stochastic is moving out of the oversold region. If pound bulls are able to charge, a climb back to the range resistance or at least until the middle near the 1.9300 mark might take place.
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