GBP/AUD Might Start Dropping Soon

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The GBP/AUD is not strong as the GBP/USD due to AUD strength and we might see the pair start dropping soon.

1.8030-50 is the POC zone. No close above the trendline should mark the start of the down-move in the GBP/AUD. The GBP is strong, but the AUD being a commodity currency is also strong so we might see a move down as the price is at the confluence and overall bearish. Targets are 1.8002, followed by 1.7965 and 1.7900. The move down in the GBP/USD will also reflect on the GBP/AUD but in a stronger way. 

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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