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GBP/AUD falls more than 400 pips, what's next

Discussion in 'Technical Analysis' started by ForexLive, Feb 22, 2016.

  1. ForexLive

    ForexLive Forum Member

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    GBP/AUD technical analysis Rising iron ore prices and Brexit uncertainty sent GBP/AUD to a 9-month low today as the pair broke down in a +400 pip swoon. Selling accelerated after the February low gave way and continue through the June low before finally finding support at 1.9501 and rebounding to 1.9578 as sterling sellers take a break.

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