Daily chart of GBP/AUD indicates significant problems to hold the support level at 1.6775. Strong declines in the morning broke this support. It seems that it is hard to expect that demand could still be defended. Some weakness has been seen here since the end of September. Looking a bit wider, you can see that the price of this instrument is moving in alternating swings. It seems that after breaking of support there will be a period of declines. The bears may once again target yearly bullish trend line, linking the lows of recent downward movements.
