FX.co ★ Technical Analysis of Weekly Price Movement of GBP/AUD Cross Currency Pairs, Tuesday, August 29 2023.

On its weekly timeframe chart, GBP/AUD cross currency pairs seems there is a deviation between GBP/AUD price movement with CCI indicator and at the same time intersects with the supply area level. So, based on these facts in the next few weeks, GBP/AUD has the potential to depreciate down to the 1.8496 level as the main target and if the downward momentum and volatility is strong enough, then the 1.8194 level will be the next target to be addressed with the notes that on the way to the target levels there is no upward correction which exceeds the 1.9966 level because if GBP/AUD manages to break above this level it could potentially cancel all the decline scenarios previously described.

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