GBP/AUD is facing major resistance around 1.8600 and any short term trend reversal can be seen only above that level.
On the upside break of 1.8600 will target 1.8780 in short term.
The pair’s minor support is around 1.8330 and break below will take the pair to 1.8125( 161.8% retracement of 1.83762 and 1.87840).
Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell GBP/AUD around 1.8420-25, SL 1.8600, Target 1.8125.
On the upside break of 1.8600 will target 1.8780 in short term.
The pair’s minor support is around 1.8330 and break below will take the pair to 1.8125( 161.8% retracement of 1.83762 and 1.87840).
Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell GBP/AUD around 1.8420-25, SL 1.8600, Target 1.8125.