GBPAUD: Bullish fractal.

GBPAUD is consolidating after the 1.9150 bottom.

Levels to watch:

- The Resistance is at 1.9750 and the Support at 1.9150.
- The MA50 on the 4H chart rejected the first upside attempt and the price is now attempting the second one.
- The MA200 may provide support near the 1.91500 level.
- The RSI is repeating a sequence previously formed after a bottom. This strengthens the bullish case.
- The MACD has turned bullish after the 1.9150 low.

Projection:

- Based on the bottoming sequences on the 4H RSI and MACD, it seems like GBPAUD ahs hit a local low and once a candle fully closes above the 4H MA50, it may repeat a 2.50% rise. If the Support breaks though it should seek contact with the Higher Low trend line.


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