GBP/AUD consolidates below 1.8500 ahead of Aus jobs report

FXStreet (Córdoba) - The GBP/AUD remains steady in Asia hovering around 1.8475, waiting for the Australian employment report of February that will be released in 60 minutes. On Wednesday a decline of the Pound across the board pushed the pair to the downside and finished slightly lower.

Technical outlook for the GBP/AUD

The pair is back into a trading range between 1.8600 and 1.8380 after being unable to break above 1.8800 at the beginning of the month from where it pulled back to the range.

The outlook remains sideways with a slightly bearish bias. A consolidation on top of 1.8600 or below 1.8400 could point to further strength or weakness respectively.