FX.co ★ GBPAUD in line with ascending trendline support, facing bullish pressure!

GBPAUD is approaching 1st support of 1.88006, in line with 50% Fibonacci retracement and 38.3% Fibonacci extension . Prices are expected to rally to 1st resistance of 1.89551, in line with 127.2% Fibonacci extension. Prices may fall to 2nd support of 1.86891, in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. Indicator supports a bullish view.