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GBP/AUD

GBP/AUD

Thomas Long, Course Instructor

We are a long way from the resistance at the 1.8377 buy side high, but this trend is down and we should continue to look for selling opportunities. Agressive traders have already or are currently looking for trades in the direction of the trend on the pairs we have discussed this week. More conservative traders would most likely sell on the move down through the previous low. For the GBP/AUD that would be on a move down through the 1.7261 support level.

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