Mon, 13 Oct 2014 13:21:04 GMT
GBP/AUD 4H Chart: Channel Up
After reaching the lower boundary of the pattern, the pair decided to trade sideways instead of going upwards. At the same time, technical indicators on the Pound/Aussie pair are generally sending positive signals, especially on the short-term time-frame, meaning that long-awaited recovery is possible in the foreseeable future. However, at first the British currency will have to test the resistance,