GBP/AUD Daily Timeframe (DTF) – Fundamental and Technical Analysis
Technical Outlook:
On the DTF, GBP/AUD has broken above the second major key support level at 2.0600, following a period of consolidation between 2.0300 and 2.0600. Price then approached 2.0950, a minor resistance level, where it attracted retail buy orders—creating a liquidity zone. Instead of a clean breakout, price action shows signs of a liquidity grab, triggering stop-losses from buyers.