GBPAUD Continues Lower

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    GBPAUD, Weekly This pair are looking to continue their downward movement as the AUD recovers (following good jobs data today) and the pressure continues on the GBP due to persistent Brexit fears and dovish tones from the BOE. As the AUD strengthens and the GBP weakens in the short term we are looking for SHORT trades on any retracement from current levels. The “real possibility” of Brexit, as the IMF termed it in this week’s release of its semi-annual world outlook, adds to the pressure on

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