29 Nov 2013
Flash: GBP/AUD opens up larger target towards 1.81 - ANZ
FXstreet.com (Barcelona) - According to Tim Riddell, Head of Global Markets Research at ANZ, the sustained move above 1.7500 in GBP/AUD "now opens the possibility of testing a larger scale measured moves and retracements between 1.7975 and 1.8100."
Riddell adds that "the dynamism of the push through 1.7500 adds to this upside bias and 1.7580 should ideally hold now in order to allow for an early push into the 1.80’s. A fall below 1.7450 would be needed to see an uncomfortable unwind of recent gains."
Riddell adds that "the dynamism of the push through 1.7500 adds to this upside bias and 1.7580 should ideally hold now in order to allow for an early push into the 1.80’s. A fall below 1.7450 would be needed to see an uncomfortable unwind of recent gains."