Quote:
Originally Posted by John Kicklighter
Don't know if any of you follow the comm crosses, but GBPAUD is making the first attempts at pushing through a six-week old range.
This pair is prone to high volatility and wide price swings, so the action over the past month has been building up considerable pressure (look at GBPCHF too). A breakout is inevitable; and I'm wondering whether this is it.
Thoughts?
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Looks like a break to the downside? The GBP is definitely weak, and the AUD has shown some strength fundamentally. A continuation of a bearish trend?
