Currently, GBP/AUD is trading at 1.9584. The pair started a downtrend on 6 April and now consolidating in the descending triangle wedges. If the price breaks its support level at 1.9481, then it may touch its next support level at 1.9235. If the price breaks the resistance level at 1.9699, then it may touch its next resistance level at 2.0280.
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Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat