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GBPAUD: Symmetrical Triangle

GBPAUD, H1

GBPAUD is navigating in an uptrend, currently forming a symmetrical triangle pattern.

  • 9-MA crosses the 14-MA up; however, the price is currently sandwiched between the 2.0050 resistance and 2.0000 support, giving a mixed sentiment.
  • If the price breaks above the 2.0050 resistance, it may propel the asset to 2.0120.
    However, breaching below the 2.0000 support will trigger a decline toward the 1.9910 level.

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