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- GBP/AUD has broken major support 2.0500 and declined till 2.037. Overall trend is weak as long as resistance 2.080.
- The pair's minor support is around 2.0350 and any break below 2.0350 will drag the pair further down till 2
- Short term trend reversal can happen only above 2.080. Any break above 2.080 will take the pair till 2.120/2.150.
- Overall trend reversal only above 2.120.
It is good to sell on rallies around 2.050-60 with SL around 2.080 for the TP 2.
