GBP/AUD - DAILY CHART

WEAKNESS CONTINUES IN WAVE 3...

I remain bearish following the break of the longer term trendline support few days ago. Weakness is likely to extend in a 3rd wave to the 161.8% extension of wave 1 (2.5490-2.4663) at 2.3671. We’ll look for a corrective 4th wave to follow.