The Pound Sterling traded sideways movement against the Australian Dollar during last week's trading sessions. The currency pair was guided by the 50-hour simple moving average.
As for the near future, it is likely that the GBP/AUD exchange rate could make an upside movement. The pair could aim for a resistance cluster formed by the 200-hour SMA and the weekly R2 at 1.8081 before the middle of next week's trading sessions.
Technical indicators flash sell signals on both the smaller and the larger time-frame charts. Therefore, the currency exchange rate might continue its southern movement this week.
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