Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: GBP/AUD faces strong resistance around 2.150, good to sell on rallies

GBP/AUD has made a high of 2.1520 and retreated from that level. Overall trend is still weak as long as  resistance 2175 holds.

  • The pair's major resistance is around 2.1500 and any break above would extend gains till 2.175/2.200.
     
  • The pair's major support is around 2.080 and break below targets 2.0500
     
  • Further weakness only below 2.080.

It is good to sell on rallies around 2.145-50 with SL around 2.175 for the TP of 2.080/2.050

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.