FX:GBPAUD   British Pound / Australian Dollar
78 5
Finally, I have got a daily structure supporting the pull back bias. NFP would be crucial to this working out. Bad NFP would result in a nice pullback and good NFP is likely going to push for a retest of yesterday's high.Cheers!
Why is NFP crucial to a cross pair?
FX_CLEVER vlad.adrian
because AUD and USD usually move in opposite direction! sorry for the late reply
and doesn't gbp and usd move in opposite directions?
FX_CLEVER vlad.adrian
The correlation of AUD with USD is what I know and understand based on my observation and what I've learned from other pros!
not trying to start an argument! if you don't agree with me it's fine. Don't try prove yourself right or wrong
+1 Reply
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