RLinda ! GBPAUD-> The bulls are consolidating. What's next?

21 ธ.ค. 2022

GBPAUD is trading in an ascending price channel, an ascending triangle is forming relative to the resistance 1.8261. What's next?

The chart shows that the price is in consolidation, which is expressed as an ascending triangle, which tells us that the bulls are building volume to overcome the level of 1.82613

I assume that the price will be trading within the triangle for some time and from the support the price will head towards 1.82613 again. In the medium term I expect break of the upper border of the triangle and growth up to 1.8400, and then to 1.8500.

Regards R. Linda!