GBPAUD had been downward trend since beginning of Oct, and it has bounced back to half of the early decline. GBPAUD is currently at around 2.12.
The trend and momentum indicates GBPAUD can go up to around 2.15 as peak in a coming week. The signal also indicates the upward trend could end shortly, and it is reversed into downward trend again in a week.
Under the recent geopolitical risk, UK and Australia are relatively stable situation at the moment. Eurozone, particularly Germany, is struggling on unexpected crisis, such as increasing refugees and Volkswagen scandals.
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