Watching this area of demand that GBPAUD is trading at the moment. GBP has been gaining strength while AUD has been weaker. RS reading: GBP 3, AUD = 1. Personally, I'd like to see GBPAUD rally out of the area as a form of confirmation before entering long. Also FX closes today, best to wait till the open for less risk
Check out my relative strength analysis I post everyday on twitter @WhosTrend
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Check out my relative strength analysis I post everyday on twitter @WhosTrend
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.