FxWirePro: GBP/AUD faces strong support around 2.100, good to buy at dips
GBP/AUD has made a high of 2.1526 and low of 2.090 in previous week. Overall trend is still bullish as long as support 2.100 holds. It has formed almost like double top around 2.1527 and any further bullishness only abov…
GBP/AUD has made a high of 2.1526 and low of 2.090 in previous week. Overall trend is still bullish as long as support 2.100 holds.
It has formed almost like double top around 2.1527 and any further bullishness only above 2.1530 level. Any break above 2.1527 would extend gains till 2.1778/2.1933.
The pair's minor resistance are 2.1340/2.14650/2.1530.
On the lower side minor support is around 2.1200 and break below will drag the pair further down till 2.100/2.088.
Bullish invalidation only below 2.100.
It is good to buy at dips around 2.1200 with SL around 2.1000 for the TP of 2.1527/2.190.
