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FxWirePro: GBP/AUD recovers after making a low of 2.115, good to sell on rallies

GBP/AUD has broken short term support 2.140 and declined till 2.1150. It is currently trading at 2.1214. The pair's minor resistance is around 2.1410 and any break above would extend gains till 2.1685/2.200. The pair's m…

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FxWirePro: GBP/AUD recovers after making a low of 2.115, good to sell on rallies
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  • GBP/AUD has broken short term support 2.140 and declined till 2.1150. It is currently trading at 2.1214.

  • The pair's minor resistance is around 2.1410 and any break above would extend gains till 2.1685/2.200.

  • The pair's major support is around 2.110 and break below targets 2.100/2.0885

  • Overall bearish invalidation only above 2.200 level.    

It is good to sell on rallies around 2.140-45 SL around 2.185 for the TP of 2.100/2.0880

 

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