GBPAUD Chart Technical Outlook scope for further mild losses
The single currency baskets highlight selling AUD and buying dips in GBP. This suggests buying dips in GBP/AUD.
Bespoke support is located at 1.8736 and 1.8731.
We are forming an ending wedge pattern. On a break of 1.8956, the measured move target is 1.9176. My preferred stance is to buy into dips. Tomorrow’s UK data could be the catalyst.
