Currently, GBP/AUD is trading at 1.8610. The pair is trading in a descending resistance and support wedges. It started a down trend on 6th April and are still following the same trend. If it breaks the resistance level at 1.8797 then the pair may start a new up trend. After it breaks the resistance level its first target will be at 1.9543 and the second target at 2.0004.
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Thank you,
Rishikesh Lilawat
Do follow us for future Forex trend analysis.
Thank you,
Rishikesh Lilawat