GBPAUD sells to 1.81327

Greetings traders,

GBPAUD is currently on the weekly resistance level of 1.83500. Daily time frame shows us that this is merely a 38.2% retracement of the downtrend. My analysis show that this pair will continue its downtrend from here, breaking past the trendline and going all the way down to 1.81327. We can place our stops around the area of 1.83982. Move stop loss to breakeven once the pair drops 30-50 pips.