GBP/AUD:Bearish Trend Persists & Price Consolidates Within Range
The GBP/AUD currency pair remains within a persistent bearish trend, as indicated by its price action. Currently, the price is trading within a consolidation range, characterized by alternating rebounds between resistance and support levels. The most recent reversal occurred around the 1.87500 mark within the resistance area. At present, our focus is on the price potentially revisiting the support area in alignment with the prevailing downtrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.