The Pound could be going to get hammered and pummeled heavily in the exchange rate with the Australian Dollar.
Necessity to improve exports and improve the balance of trade deficits, and consistent outflows from Sterling will see the Pound depreciating -20.5% toward the Australian Dollar.
The chart on a monthly time frame, structures a Bearish Wedge, which could be a technical spark of Pound exchange rate depreciation.
Necessity to improve exports and improve the balance of trade deficits, and consistent outflows from Sterling will see the Pound depreciating -20.5% toward the Australian Dollar.
The chart on a monthly time frame, structures a Bearish Wedge, which could be a technical spark of Pound exchange rate depreciation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.