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| GBP/AUD |
SUMMARY :
GBP/AUD currency pair is trading in sideways trend and from the past few trading
sessions, prices are not sustaining at higher levels & looking
weak for the upcoming sessions. The pair is consolidating with strong
negative bias to give a breakout at downside. It is facing resistance
of 30 and 200 DMA. Prices are also taking support at the important
level of 1.9320. Today if GBP/AUD pair breaks its support level &
manages to sustain below it, then we can expect it to test the level
of 1.9250/1.9210 in today's session.
INDICATORS:-
MACD line is also sustaining in the selling territory,
indicating the bearish trend in the pair.
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| Technical Chart |
FOREX STRATEGY :-
GBP/AUD
is looking further bearish on charts. One can go for sell on higher
level strategy for this pair for intra
day
to mid term positions.
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