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GBPAUD Update, Trades within the Downward Price Channel

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBPAUD, Daily UK data isn’t likely to change the new dovish bias of the BoE. The GBP has moved up in recent days as concerns over a Brexit have been reduced for now. However, the GBP should get a boost of volatility as we get closer to the U.K. and the E.U. summit next week. The main risk for the AUD is a weakening China and the fact that future intervention from the RBA to devalue the AUD is still in the cards. Technically, the GBPAUD trades systematically within the multi month downward

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