Friday, April 15, 2011

GBPAUD 15.4.2011 FX

People,

This lovely pair is in a interesting position.


GBP:

In last 7 weeks we saw a steady buying of GBP as a currency against G7. Still, this week we saw 0,76% of selling at this cross.

AUD:

In last 7 weeks we saw a lot of buying from G7 currencies. AUD as a carry and commodity currency should always be on a buy side, but last week we also saw a bit of selling - 0,82%

GBPAUD:

The pair this week consolidated at 1,5465. On a monthly data we can see price in a green are (0,05%). Before this week we also saw no percentage change in this cross.


On a daily data we can see days consolidating and days which are bought half percent.

TECHNICALLY:

We can see triangle forming and when price will move out of it, we could see at least 2 weeks of steady trend movement.

SCENARIOUS:

1. If we break 1,5465 we could see downward trend at least to 1,5160 area.

2. If we break trendline at 1,5566 and then resistance at 1,5637, we could be a part of 1,5790 scenario.

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