The GBP/AUD chart is currently showing the potential for a bullish continuation towards the 1st resistance level.
Support Levels:
The 1st support level at 1.8894 is identified as an "Overlap support", this level signifies a significant area where buying interest may emerge. Additionally, the 2nd support level at 1.8788 is characterized as a "Pullback support," indicating its role in supporting price movements.
Resistance Levels:
The 1st resistance level at 1.9021 is labeled as a "Pullback resistance," representing a notable barrier to further upward price movement. Beyond this, the 2nd resistance level at 1.9055 is also characterized as an "Overlap resistance", emphasizing its significance as a resistance zone.