Hello to fellow traders,
GBPAUD is in a downtrend on the weekly chart and in the daily chart, a pullback is in progress. Once this pullback is over the pair may retest last lows near 1.5900 levels and make new lows.
WEEKLY CHART

DAILY CHART

A close of the daily candle below the rising trendline will take the pair to previous lows.
Any comments about the setup are welcome.
Happy Trading to all.
GBPAUD is in a downtrend on the weekly chart and in the daily chart, a pullback is in progress. Once this pullback is over the pair may retest last lows near 1.5900 levels and make new lows.
WEEKLY CHART

DAILY CHART

A close of the daily candle below the rising trendline will take the pair to previous lows.
Any comments about the setup are welcome.
Happy Trading to all.
