Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: GBP/AUD trades in narrow range, good to sell on rallies

  • GBP/AUD has slightly recovered after making a low of 2.044. It is currently trading at 2.0520.
     
  • On the lower side minor support is around 2.030 and any break below targets 2/1.980.
     
  • The pair's resistance is around 2.060 and break above will take the pair to next level 2.0950/2.125.
     
  • Overall bearish invalidation only above 2.125.

It is good to sell on rallies around 2.070-75 with SL around 2.096 for the TP of 2/1.9800

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.