FxWirePro: GBP/AUD consolidates in narrow range, good to sell on rallies
GBP/AUD made a low of 2.1240 yesterday and slightly recovered from that level. The pair is trading in narrow range and market awaits UK CPI data and RBA monetary policy minutes meeting which is to be released next Tuesda…
GBP/AUD made a low of 2.1240 yesterday and slightly recovered from that level.
The pair is trading in narrow range and market awaits UK CPI data and RBA monetary policy minutes meeting which is to be released next Tuesday for further direction
Technically major resistance is around 2.175 and break above will take the pair till 2.20/2.2220
On the downside minor support is around 2.120 and break below will take the pair further down till 2.080/2.05.
It is good to sell on rallies around 2.145-50 with SL around 2.175 for the TP of 2.100/2.080.
