Technical analyst
16 Jul
16Jul


The GBP/AUD pair has witnessed significant selling pressure in recent sessions, with prices breaking a key support area around the 2.0540–2.0470 levels, which has formed a strong price barrier over the past periods. The price is currently trading below this area, which reinforces the possibility of a continued downtrend in the near term, especially if the price fails to return and hold above the 2.0540 level.

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global-market