GBP/AUD
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 the 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.
STRATEGY :-
GBP/AUD
is looking further bearish on charts. One can go for sell on higher
level strategy for this pair for intraday to midterm positions.