GBPAUD Potentially Shaping Up for a Short Trade

As we can see price has made its way up to an area of significance. In addition a bullish channel has started to form on the daily chart, which comes after a rally out of a decent bearish channel.

Ultimately I remain neutral for now - anything can happen. It will be interesting to see if today's candle closes as a clean high test.

Kommentar:

Resistance level broken.