workingtraders
Long

$GBPAUD Benefits from QE Spill over and Weak Aussie Trade

FX:GBPAUD   British Pound / Australian Dollar
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Technicals:

Looking for dips to get long in this pair.
Attempt of a break down occurred last week but was bought up fiercely


Fundamentals :
The pound is poised strengthen as the 1 trillion Euro QE project starts.
The reports are stating positive spillover effect on the UK
economy due to Eurozone financial flows will look for a safe haven from
euro weakness.


Commonwealth Bank of Australia :

Weakening Aussie trade caused by declining commodity prices and a stronger US dollar should push AUD/USD down to 0.7300.

Australia Data continues to be weak :

National Australia Bank business confidence: 0 (vs. prior 3)
ANZ Roy Morgan weekly Consumer Sentiment: 110.3 (vs. prior 112.5)
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