GBPAUD Down to 1.6000 or more in Medium Term
The GBPAUD is by product of AUDUSD (managed float 10 % band) and GBPUAD (target zone 15 % band). The U-Shape confirmed the pair to downward in long and medium term and the S-Curve Band confirmed for downward in medium term. Time Series Band indicates for the pair to be pressured down to 1.6000 or more.
The AUDUSD is underway to upward to visit her upper medium term and at the same time GBPUSD is being sterilized and re-sterilized to downward in short term. This allows for GBPAUD to be pressured down. However, the actual rate shall subject to the ATWR with EURAUD at their lower medium term bands in the future.
Short trade from the monthly high/low, weekly high/low and daily high/low feasible.
The AUDUSD is underway to upward to visit her upper medium term and at the same time GBPUSD is being sterilized and re-sterilized to downward in short term. This allows for GBPAUD to be pressured down. However, the actual rate shall subject to the ATWR with EURAUD at their lower medium term bands in the future.
Short trade from the monthly high/low, weekly high/low and daily high/low feasible.
Comment:
I short GBPAUD to follow the medium term band
Comment:
Riding down as the forecast and short trade remains on target.