GBPAUD Chart Technical Outlook

GBPAUD Chart Technical Outlook is heading to a key support area at 1.8800

The Pound is under bearish pressure approaching the bottom of the last two months´ consolidation channel, at 1.8800, aiming to resume its broader downtrend.

On Tuesday, the RBA´s meeting minutes are expected to strike a hawkish tone, that might give a fresh impulse to the Aussie.

Technical indicators are pointing lower, with 1.8850, guarding the key 1.8800 support level. Below here, the big target will be at 1.8522.

Resistances are 1.8945 and 1.9065.

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