- GBP/AUD has made a low of 2.1130and recovered from that level. Overall trend is still weak as long as resistance 2.175 holds.
- Market awaits UK jobs data which is to be released today for further direction. In UK number of Unemployed is expected to decline further which will be slightly positive for GBP
- The break of major resistance 2.1750 will take the pair till 2.20/2.2220
- On the downside major support is around 2.0800 and break below will take the pair further down till 2.050/2.
It is good to sell on rallies around 2.135-40 with SL around 2.175 for the TP of 2.100/2.080
The material has been provided by InstaForex Company – www.instaforex.com