GBPAUD flat is being tested for strength

The GBPAUD currency pair has again made its way from the upper flat limit at 1.78 to the lower limit of 1.73. On Friday, the "bears" actively tried to push the price below 1.73, but the breakdown wasn’t recorded by the close of trading.

Today, buyers are trying to seize the initiative. The RSI plays in their favor, turning up not far from the oversold zone. In case today an "inverted hammer" is formed on the chart at the end of the day, GBPAUD may get an impulse to make new steps to the upper flat border 1.78.