Friday, October 16, 2026

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GBP/AUD rally struggles to overcome resistance at 2.0035-55

Cross stifled by this level 4 times in last 7 trading days Failure here in mid-Feb resulted in 6% decline by late March A daily close below 2.0035 will open recent lows at 1.9600 & 1.9400 Clear break of resistance to spu…

By Earlence Fernandes
1 min read
GBP/AUD rally struggles to overcome resistance at 2.0035-55
Image from the original EconoTimes article

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  • Cross stifled by this level 4 times in last 7 trading days

  • Failure here in mid-Feb resulted in 6% decline by late March

  • A daily close below 2.0035 will open recent lows at 1.9600 & 1.9400

  • Clear break of resistance to spur initial rally to 2.0480-2.0500

 

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