Friday, October 16, 2026

Technicals

Add as a preferred source on Google

FxWirePro: GBP/AUD faces strong support around 2.030, 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 an…

By Lis Howell
1 min read
FxWirePro: GBP/AUD faces strong support around 2.030, good to sell on rallies
Image from the original EconoTimes article

Read the original article

  • 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

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team