GBPAUD Chart Technical Outlook broken out of the wedge to the downside
Weaker than expected UK inflation data and stronger global stocks have resulted in GBP/AUD moving to the downside. We have broken through bespoke support at 1.8736-31. The next projected downside support level is 1.8588. We would need to see a move through 1.8795 to turn the cross bullish once more. It should be noted that the GBP basket has hit support so there is scope for a correction to the upside.
