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FxWirePro: GBP/AUD trades in narrow range, good to sell on rallies

Tuesday, December 29, 2015 7:25 AM UTC

GBP/AUD has slightly recovered after making a low of 2.044. It is currently trading at 2.0520.
On the lower side minor support is around 2.030 and any break below targets 2/1.980.
The pair's resistance is around 2.060 and break above will take the pair to next level 2.0950/2.125.
Overall bearish invalidation only above 2.125.

It is good to sell on rallies around 2.070-75 with SL around 2.096 for the TP of 2/1.9800

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FxWirePro: GBP/AUD trades in narrow range, good to sell on rallies

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