After a rebound lasting almost all of January, supply finally won yesterday and deepened latest low. If today's macroeconomic data from UK doesn't make a sentiment, reversal declines will continue. It should be noted that since August price moves in bearish regression and tested the upper band of the channel (which it was at mid-January), GBP/AUD moves towards its lower limit. Important support which should make rebound is at 1.9900 level. Nearest resistance is located at: 2.0180.
Time-frame H4
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