GBPAUD facing bearish pressure | 23rd Apr 2021

Prices are facing bearish pressure from horizontal swing high resistance in line with 50% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards 1st support in line with horizontal swing low support, 127.2% Fibonacci extension, and 161.8% Fibonacci retracement. If prices push higher, prices might face resistance from 1st resistance in line with horizontal swing high resistance, 100% Fibonacci extension, and 127.2% Fibonacci retracement. EMA is also above prices, showing a bearish pressure for prices.