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Forex

GBP/AUD Falls 0.5% Amid Sustained Selling Pressure

Guavy AI Editorial Team
Instruments
GBP AUD
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The Pound Sterling versus Australian Dollar (GBP/AUD) exchange rate has fallen by 0.5% today due to sustained selling pressure and bearish momentum across various timeframes.

The GBP/AUD is currently trading below its major moving averages, indicating a continued downside risk in the market.

Despite mixed signals from momentum indicators, analysts predict that the pair will consolidate within a range of A$1.8971 to A$1.9216, with an 80% probability of an upward move if A$1.9094 is cleared.

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