On the 60-minute chart, we see that GBP/AUD looks moving to the upside and trying to raid the nearest Liquidity Pool at 1.8331. Importantly, please pay attention to the Divergence between the Stochastic Oscillator with the price and the rising Broadening Wedge Pattern. All these conditions indicate there is a possibility for the market turning point especially if this pair breaks out and closes below 1.8221. This move will cancel the bullish scenario for GBP/AUD.
(Disclaimer)
The material has been provided by InstaForex Company - www.instaforex.com