Today’s depreciation of pound sterling once again directs pair GBPAUD to support at round level 1.60. Another attack on the support in a short period of time can finally break it.
In case of an effective breaking of level 1.60 the next target for sellers will be probably 1.59.
This level was providing support in November last year and from this level began growth to this year highs. Alternatively, a reflection from 1.60 should cause growth to 1.6235 resistance where we can expect sellers activity.
