GBP/AUD Technical Analysis.
Currently, GBP/AUD is trading at 1.7977. The pair may start a new down trend if it breaks the neck line at 1.7825. Previously, the pair was trading in a down trend and after touching support level started consolidating in the resistance and support levels. The pair may start a new down trend if it breaks the neckline, then its first target price will be at 1.7650 and second target price will be at 1.7474.
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Follow a proper risk management strategy to avoid unnecessary losses and to increase profitibality, 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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