GBPAUD 29 Apr 2024 Analysis for GBPAUD on the H1 timeframe shows that the pair continues to experience a bearish trend until the price position of 1.90513. The chart on the MACD (Moving Average Convergence Divergence) indicator is also below the 0.00 level, indicating that the bearish momentum is still quite strong. This indicates that the GBP/AUD pair may continue to decline in price in the shorter term. Traders need to pay close attention to price movements and look for further confirmation before making trading decisions. The use of proper risk management is also necessary to anticipate possible price movements that go against predictions.
