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GBP/AUD

GBP/AUD

Thomas Long, Course Instructor

We want to keep in mind that the Australian Central Bank, the Reserve Bank of Australia is meeting today at 10:30PM Eastern and may have a rate hike to announce, so there could be some volatility in the AUD pairs. But the GBP/AUD seems to be moving back down in the direction of the trend. I would continue to look for selling opportunities as long as the market stays below the 1.8377 high noted on the chart.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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