Despite the GBPAUD pair’s need for positive momentum recently, its repeated stability above the bullish channel support at 1.9225 keeps the bullish track intact. The pair is expected to form additional support around the 1.9340 level, which should help initiate bullish trading.
The first key target is 1.9560, followed by testing the 1.9680 resistance to push the pair higher in the upcoming sessions.
Expected Trading Range:
Support: 1.9340
Resistance: 1.9500
Trend Forecast: Bullish
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