GBP/AUD SHORTS 8/6/2026

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GBP/AUD SHORTS 8/6/2026Great British Pound vs. Australian DollarFX:GBPAUDKibukCapitalLooking for a short around 1.9075–1.9130. Price has pushed back into a key resistance/supply area after an extended move higher and is beginning to show rejection. The recent ascending structure/trendline is also being tested, giving me confluence for a potential bearish reversal. My stop is positioned above the recent resistance/swing area to invalidate the setup if buyers regain control. Target is the larger demand/support zone below, giving the trade a strong risk-to-reward profile. I’m looking for sellers to take control and for price to break the nearby support zone before continuation lower. Recent broader analysis has also noted AUD strength/risk sentiment and resistance as important drivers for AUD crosses. Bias: Bearish below resistance Confirmation: Break/retest of current support Invalidation: Clean move above the recent swing high/supply zone