GBP/AUD Technical Analysis.
Currently, GBP/AUD is trading at 1.8263. The pair is trading in a side ways trend between resistance and support wedges. The price is about to touch the support level at 1.8157 and It may rebound back from there. The pair is in side ways trend from some time, so it is possible that it will continue its side ways trend in the resistance and support wedges. Until the price breaks the resistance or support level it is possible that it will continue its side ways trend in the channel.
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Rishikesh Lilawat
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
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