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FxWirePro: GBP/AUD recovers after making a low of 2.035, good to sell on rallies

  • GBP/AUD has recovered after making a low of 2.03500. It is currently trading at 2.09200
     
  • The pair's minor support is around 2.070 and any break below will drag the pair further down till 2.050/2.035.
     
  • Short term trend reversal can happen only above 2.120. Any break above 2.120 will take the pair till 2.150/2.175.

It is good to sell on rallies around 2.090 with SL around 2.120 for the TP 2.

 

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