- GBP/AUD has made a low of 2.0730 and recovered till 2.0930 from that level. It is currently trading at 2.08715. Overall trend is weak a decline till 2.050 (200 day MA)/2 is possible.
- Short term trend reversal can happen only above 2.120. Any break above 2.120 will take the pair till 2.150/2.175.
- Overall trend reversal only above 2.1750.
It is good to sell on rallies around 2.090 with SL around 2.120 for the TP of 2.050/2.
The material has been provided by InstaForex Company – www.instaforex.com