Currency Insights
GBPAUD: Resistance target remains at 1.5270
Recently the GBPAUD has tested the key resistance level at 1.5270 and failed to break the level. I estimate the limitation of this pair is upside unless the Euro Zone’s turmoil triggers another “Gilt in favour”. Otherwise, some headwinds will continue to exist near the 1.5270 level. The second resistance is at 1.5320. The first support is at 1.5160 and the second support at 1.5090.
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