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GBP/AUD is consolidating in narrow range around 2.073 and 2.095 for the past three trading session Overall trend is weak as long as resistance 2.0120.
- Market awaits RBA monetary policy and UK Manufacturing PMI which is to be released on Tuesday for further direction.
- Short term trend reversal can happen only above 2.120. Any break above 2.120 will take the pair till 2.150/2.175.
- Overall trend reversal only above 2.1750.
It is good to sell on rallies around 2.090 with SL around 2.120 for the TP of 2.050/2.
