Fri, 19 Aug 2016 11:48:04 GMT
GBP/AUD 1H Chart: Rising Wedge
The Pound is in a rising wedge pattern against the Australian Dollar, as the currency exchange rate has for the third time reached the pattern's upper trend line at 1.7250. In accordance with the pattern, it is set to bounce off the pattern's resistance and move lower. However, SWFX traders are bullish on the pair, as 55% of open positions