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GBP/AUD has been trading a falling channel since August, 2.0940 is strong resistance, daily cloud also weighs on the topside.
- Our short call (http://www.econotimes.com/FxWirePro-Strong-resistance-for-GBP-AUD-at-20940-good-to-sell-rallies-145472) has been progressing.
- Consolidation seen around 2.04 levels, 5-DMA is seen capping upside in the pair, bias is lower.
- We recommend holding short trades for targets
