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- Potential Reversal Zone (PRZ)-2.0500
- The pair has recovered till 2.1216 after making a low of 2.0300 level. Overall trend is still bullish as long as support 2.0500 holds.
- On the downside any break below 2.0500 will drag the pair further down till 2/1. minor support is around 2.070/2.050.
- GBP/AUD has made a high of 2.1216 and started to retreat from that level. It is currently trading around 2.0760
- The major resistance is around 2.1250 and break above would extend gains till 2.1584/2.1885.
It is good to buy at dips around 2.070 with SL around 2.050 for the TP of 2.158/2.1885.
