GBP/AUD Formed a Double Bottom

After several weeks of consolidating sideways below the resistance at 1.8475 GBP/AUD finally bounced off from that level and began moving to the downside. It eventually found some support at 1.7935, which is the (MA)89 indicator on the daily time-frame. Since the pair has obviously formed a double bottom at that support the question is whether the move to the downside will continue next week. 

If there is a breakout there may be a further move to the downside towards the next major support level, which is at 1.7540 and coincides with the same (MA)89 indicator, but on the weekly time-frame.

On the other hand, if the pair bounces off from the current support there will probably be a move to the upside towards the aforementioned resistance at 1.8475.