FX:GBPAUD   British Pound / Australian Dollar
78 5 0
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?
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FX_CLEVER vlad.adrian
because AUD and USD usually move in opposite direction! sorry for the late reply
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and doesn't gbp and usd move in opposite directions?
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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!
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FX_CLEVER FX_CLEVER
not trying to start an argument! if you don't agree with me it's fine. Don't try prove yourself right or wrong
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