2 sell opportunities on GBPAUD -
1st sees a MA cross on 4hr, lets see how the daily candle closes. 1.6350 weekly support target.
2nd sees break of weekly trend line, only taking there short again on a solid candle confirmation. Rejection of the monthly trend line could indicate some long opportunities.
Fundamentals - AUD RBA's Lowe Before House Economics Commitee in Melbourne on Thursday 10th August @ 23:30 GMT, GBP looking flat on forecasted data but will monitor over the next few days most of the results will come out on the same day as Aussie from 8:30am GMT.
Lets see how this plays out...
1st sees a MA cross on 4hr, lets see how the daily candle closes. 1.6350 weekly support target.
2nd sees break of weekly trend line, only taking there short again on a solid candle confirmation. Rejection of the monthly trend line could indicate some long opportunities.
Fundamentals - AUD RBA's Lowe Before House Economics Commitee in Melbourne on Thursday 10th August @ 23:30 GMT, GBP looking flat on forecasted data but will monitor over the next few days most of the results will come out on the same day as Aussie from 8:30am GMT.
Lets see how this plays out...