GBP / AUD Weekly Technical Analysis

The Australian Pound is trading positively inside the ascending channel after it succeeded in getting rid of the strong resistance represented in the downtrend and the 1.8220 resistance with a strong positive, and then the price returns to test again. Traders can take long positions from the 1.8220 level with targets reaching 500 points at 1.8710, which will be an important selling point for the pair as well. We advise all traders to maintain a suitable stop loss below the previously mentioned support.

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Adjustment: Score = + 270 profit points