A strong opportunity to sell the Australian pound pending
The Australian pound is trading in a sideways trend on the daily chart.
With signs of a reversal on the hourly chart.
If the current demand zones are broken
on the hourly chart and a close below them,
specifically below the 2.0292 levels,
a decline to the specified targets at 2.0240 and 2.0180 is likely.
The decline could extend further if the reversal is successful.
If the pair rebounds again and rises above the supply zones,
and closes above them, specifically above the 2.0531 levels,
we may see a continued upward trend in the medium term.
