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FxWirePro: GBP/AUD faces resistance around 2.095, good to buy at dips

The pair has jumped till 2.086 after breaking minor trend line resistance 2.045 (trend line joining 2.1269 and 2.09682). It is currently trading around 2.0769.

  • GBP/AUD is facing resistance around 2.095 (trend line joining 2.170 and 2.151) and break above targets 2.125/2.170 level.
     
  • Short term trend is still bullish as long as support 2.030 holds.
     
  • Any break below 2.030 will drag the pair till 2/1.9860. The minor support is around 2.060.
     
  • On the higher side resistance is around 2.075 and break above targets 2.095/2.125 level.

It is good to buy at dips around 2.60-65 with SL around 2.030 for the TP of 2.1250/2.149.

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