- GBP/AUD has slightly recovered after making a low of 2.044. It is currently trading at 2.0520.
- On the lower side minor support is around 2.030 and any break below targets 2/1.980.
- The pair’s resistance is around 2.060 and break above will take the pair to next level 2.0950/2.125.
- Overall bearish invalidation only above 2.125.
It is good to sell on rallies around 2.070-75 with SL around 2.096 for the TP of 2/1.9800
The material has been provided by InstaForex Company – www.instaforex.com