A short position in the GBP/AUD pair may be an interesting opportunity for a transaction at the end of the week, as well as for the following days. The daily chart shows that the price, after a period of growth, reached a well respected resistance zone just below the psychological barrier of 1.80. Resistance worked at the beginning of this year and at the end of last year. Now, too, after a few days of consolidation, where it was clear that demand was having difficulty getting up to a higher level, there is a rebound and the forming of a local high. It seems, therefore, that the direction has just been set and that the price should be set southwards in the near future.
I trade on this instrument at broker XM, which has in its offer more than 300 other assets >>
