- GBP/AUD has recovered after making a low of 2.03500. It is currently trading at 2.09200
- The pair’s minor support is around 2.070 and any break below will drag the pair further down till 2.050/2.035.
- Short term trend reversal can happen only above 2.120. Any break above 2.120 will take the pair till 2.150/2.175.
It is good to sell on rallies around 2.090 with SL around 2.120 for the TP 2.
The material has been provided by InstaForex Company – www.instaforex.com