Wed, 30 Dec 2015 14:43:25 GMT
GBP/AUD 4H Chart: Falling Wedge
The Sterling is nearing the channel down's lower boundary at the moment, meaning we could see some bullish pressure in the near-term. We would allow for the losses to continue for 200 additional points and the GBP/AUD cross will finally reach the monthly S2 and trend-line at 2.0119. Here we foresee some purchases of the Pound, also given that the