After a test of 1,8310 area GBP/AUD skyrocket on H4 interval and breaks above short-term bearish trendline. What’s going to happen next?
Current week starts with a bullish price gap which was closed around this morning. If this corrective move lasts longer, we will probably see another test of short-term trendline – in this case, from above.
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We can count on bulls to show up in this area, but it should be preceded with another bullish signal. But if gains will start immediately, nearest resistance zone is created by two local highs from 5th and 11th of April.
