Low conviction trade, still a good pair to Short GBPAUD Short

British Pound/Australian DollarFXCM

Description

⋅ Jun 30, 2020 3:55 PM

With AUD as the strongest currency of the month and GBP as the weakest currency of the month, the only sensible direction for this pair is downward. Thus for every rally is a good time to sell.

NZD and AUD are 1st and 2nd strongest of the month.

Support and Resistance