In the last days demand was on the top at GBPAUD. After the price has rebounded from 1.8320, upward movement reached to 1.8710 area. For now demand did not say last word and Monday’s trading has began of breakout from bearish regression channel. Today GBPAUD has tested 1.8830 and for now that level caused rebound. That level is quite important because if demand is stronger the price will move up to 1.9050 or even 1.9280. Otherwise GBPAUD will feel to 1.8510 and it will be return inside the channel.
YOU CAN START TRADING ON FOREX MARKET USING FREE XM BROKER ACCOUNT.
