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GBP/AUD made a low of 2.1240 yesterday and slightly recovered from that level.
- The pair is trading in narrow range and market awaits UK CPI data and RBA monetary policy minutes meeting which is to be released next Tuesday for further direction
- Technically major resistance is around 2.175 and break above will take the pair till 2.20/2.2220
- On the downside minor support is around 2.120 and break below will take the pair further down till 2.080/2.05.
It is good to sell on rallies around 2.145-50 with SL around 2.175 for the TP of 2.100/2.080.
