GBPAUD broke a significant level of support at 1.7590 and yesterday’s close at 1.7532 means any retest of the 1.7590 area will likely encounter an influx of selling pressure. Things have changed for the pair that has been in an uptrend between SEPT 2017 and April of this year, making lower lows. Our first support/target is at the 1.7370 support area, although I expect a much bigger fall for the pair and we can expect some bounces on the way.

GBPAUD - BREAKS KEY SUPPORT 31 MAY

Source: MARYNA MURRAY (QUEEN OF POUND)

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