GBPAUD is flying high in last few weeks, as the pair is about 2000 pips up from lows of April 21st 2016. Price is currently testing an important supply zone and as such some retracement is expected. However, I am not expecting any major correction and the demand zone at 1.9850 should hold on any retest. On the upside 2.0650 level seem to be likely target.

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