GBPAUD Weekly Forex Forecast 1st December to 7th December by yshashmi37 on

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.7940 would begin in Midterm.
We will close our open trades, if the Midterm level 1.7940 is broken.
Technical analysis:

A peak is formed in daily chart at 1.7815 on 11/22/2018, so more losses to support(s) 1.7285, 1.7065, 1.6860 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 33.

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