Technical and Fundamental Trade on GBPAUD

Technicals: Currently in a range and price action is currently above a weekly/monthly support level.

Fundamentals: No AUD high impacting news for the week, so relatively will consolidate alongside GBP has one high impact news to cast on Friday which could cause a breakout on the current week's highs. If the fundamentals present to be neutral or bearish, the pair will continue to consolidate until for breakout on Monday next week