Looking to take advantage of the weakness in Aussie dollar overnight which took GBP AUD higher providing a great entry point for shorting British Pound against Aussie dollar. Our chart on trading view highlights the levels of overbought status on both and Stochastics which have previously led to a move lower and the chart work also highlights the level of resistance that the pair has reached from which we expect to see a pull back eventually to mid 1.81 area.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings