LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

GBPAUD reversed from pivotal resistance level 1.80610; Likely to fall to support level 1.79350.

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).

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.