GBPAUD Big Move Coming

11 พ.ค. 2016

We see a wedge with this pair, but with the more long term support, and the change in the head of the Reserve Bank of Australia, we could see a rise. If the pair breaks above the wedge, it has support, and will continue to run, maybe up to 2.0. If the pair goes below the wedge, then it will also have to go below the long term support, which means we are in for a drop of maybe 700 pips.