GBPAUD currency pair recently reversed down sharply from the pivotal resistance level 1.80610 (which has been reversing the price from the start of April, as can be seen blew) – strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the downward ABC correction (2) from the end of March. Given the proximity of the resistance level 1.8061 – reversing currency pair can be expected to correct down further toward the next support level 1.79350 (standing midway between resistance level 1.8061 and the key support level 1.78000).
GBPAUD reversed from pivotal resistance level 1.80610; Likely to fall to support level 1.79350.
