Currently, GBP/AUD is trading at 1.8610. The pair is trading in a descending resistance and support . It started a down trend on 6th April and are still following the same trend. If it breaks the at 1.8797 then the pair may start a new up trend. After it breaks the its first target will be at 1.9543 and the second target at 2.0004.
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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.