Currently, GBP/AUD is trading at 1.9245. The pair started a new down trend on 4th may after rebounding back from its resistance level at 1.9515. The price is in down trend from 6th april and moving in support and resistance wedges . It may touch its support level at 1.8815, Which will be its first target.

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Rishikesh Lilawat

Rishikesh Lilawat
Rishikesh Lilawat

Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.