GBPAUD faced new bearish pressures due to the stability of stochastic stability within the oversold level, to push it to break the support level at 1.8830 and providing negative closes, to suffer new losses by reaching 1.8740 level.

 

The stability below the broken support will increase the efficiency of the bearish scenario in the near trading, to expect reaching 1.8675 and surpassing this barrier might extend the trading towards the next station that is represented by 1.8585.

 

The expected trading range for today is between 1.8675 and 1.8810

 

Trend forecast: Bearish