FxWirePro: GBP/AUD trades higher, good to buy at dips
GBP/AUD has made low of 2.110 and recovered from that level. Short term trend is still bullish as long as support 2.120 holds. It is facing strong resistance 2.1527 and any further bullishness only above 2.1530 level. An…
GBP/AUD has made low of 2.110 and recovered from that level. Short term trend is still bullish as long as support 2.120 holds.
It is facing strong resistance 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 2.14650/2.1530.
On the lower side minor support is around 2.1360/2.130/2.1200 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 2.1300 with SL around 2.1200 for the TP of 2.1527
