-On this pair we can see that price broke the ascending channel's resistance line before almost 10 days,price was moving in bullish direction and now price went back down to retest. -We can expect 2 options to happen; 1.Price will test new support line and bounce off in bullish direction. 2.The breakdown will happen and the price will keep pushing in bearish momentum. -On lower time frames we can see lot of rejections on support level but GBP is weaker than AUD so price may keep pushing down,... -I will wait for more conformations to decide what to do. What do you think about this setup? Please let me know in comment section! THANKS FOR READING!
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-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.