Technical Analysis

GBP/AUD shorts had been the very best commerce this week

The Australian greenback was the highest performer

The week straddled two completely different months and included an enormous rally in danger property and loads of Brexit information. In consequence, the 2 massive movers had been the British pound and Australian greenback.

The Australian dollar was the top performer

GBP/AUD shorts had been a counter-trend commerce, at the very least within the medium time period. The paid had been rising since early December.

 

The most recent pullback nonetheless falls throughout the uptrend and appears extra like a shopping for alternative than the start of extra losses. On the flipside, the pound is susceptible to Brexit headlines whereas AUD may proceed to realize on commerce hopes and danger urge for food.

GBPAUD chart


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