Technical analysis of GBPAUD Pick GBP/AUD for technical analysis today; the current market downturn has helped lower prices on the cold line. The price is falling because of this downtrend line. After finding support at 2.0810, the market bounced back and broke the trendline that helped the price fall. Currently, the market price is above the trend line with resistance near 2.0885. If the market price rises above this resistance level, the selling trend will be broken and the price will enter a buying trend. The same trendline can only be re-entered until this resistance level is broken. The price must break and close above this resistance level.
If you look at the market price in the 1-hour time frame, the market is also falling with the help of the trendline. If the 50-day simple moving average is set, the market will trade and close below the resistance level. The indicators used in the chart show that if the price manages to break above the moving resistance, the market price could rise above the 200-day simple moving average in the coming days. The next resistance could be at 2.1011. Helping the price up Now that the buying pressure has started, there is a good chance that the price will revisit the trendline if it breaks below the 50-day simple moving average. If we look at the RSI indicator, the RSI indicator tells us that the market is falling. Currently, the value of the RSI indicator is between 30 and 70, which is at 42.
The indicator used in this chart : 50-day simple moving average color Navy: 200-day simple moving average color Chocolate: RSI indicator period 14: 
