GBP/AUD making gradual steps towards a bearish playbook. Bulls rejected at a key level of resistance on the daily chart. Further to the prior analysis, GBP/AUD Price Analysis: Last show of bull’s commitments at the 61.8% Fibo? the price has indeed been rejected at the level. Prior analysis forecasting 61.8% rejection Price rejected at 61.8% Fibo GBP/AUD 4-hour chart The conditions are still not quite bearish with MACD above zero and the price testing dynamic support with the confluence of horizontal support. A break of support will surely bring the MACD into a bearish environment and add conviction to the downside prospects. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY slips back below 104.00 level as Powell reiterates Fed accommodative stance FX Street 2 years GBP/AUD making gradual steps towards a bearish playbook. Bulls rejected at a key level of resistance on the daily chart. Further to the prior analysis, GBP/AUD Price Analysis: Last show of bull's commitments at the 61.8% Fibo? the price has indeed been rejected at the level. Prior analysis forecasting 61.8% rejection Price rejected at 61.8% Fibo GBP/AUD 4-hour chart The conditions are still not quite bearish with MACD above zero and the price testing dynamic support with the confluence of horizontal support. A break of support will surely bring the MACD into a bearish environment and add conviction to the downside prospects. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
