GBPAUD – On the daily timeframe, we can see that this pair is in a down trend channel. Currently the price is seen swinging up towards the top part of the channel and targeting 1.72. RSI is in support of this up swing as we see the RSI breaking above its own channel. AO indicator is also showing that the price favors the upside.
If the price goes down to 1.70 round number, more lots will be added. 1.69 will be the ultimate stop loss where all trades will be closed.
Lets see how this works out and expect more updates for this pair.