Best Buying Zones for the GBP/AUD Pair on the Daily Timeframe

The GBP/AUD pair is still in a strong downtrend on the daily timeframe, as a result of previous selling pressure.

The decline is expected to continue towards the identified demand zones near the 1.9079 level shown on the chart.

The identified demand zones are considered among the best potential buying opportunities for the pair, which could trigger a corrective upward move.

Expected Targets

In the event of an upward move, we expect to see a test of the targets identified on the chart near the 1.9250 and 1.9410 levels.

This analysis will be invalidated if the demand zones are broken and closed below them with a daily candlestick.