Thursday, October 15, 2026

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FxWirePro: GBP/AUD faces strong resistance around 2.150, good to sell on rallies

GBP/AUD has made a high of 2.1520 and retreated from that level. Overall trend is still weak as long as resistance 2175 holds. The pair's major resistance is around 2.1500 and any break above would extend gains till 2.17…

By Lis Howell
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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GBP/AUD has made a high of 2.1520 and retreated from that level. Overall trend is still weak as long as  resistance 2175 holds.

  • The pair's major resistance is around 2.1500 and any break above would extend gains till 2.175/2.200.
     
  • The pair's major support is around 2.080 and break below targets 2.0500
     
  • Further weakness only below 2.080.

It is good to sell on rallies around 2.145-50 with SL around 2.175 for the TP of 2.080/2.050

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By FxWirePro Team