sedemmler
Long

GBPAUD Convergence/Divergence Contingent Long

FX:GBPAUD   British Pound/Australian Dollar
69 2 0
If the Aussie CPI             comes in weak, this looks like a classic convergence/divergence set up.
If the pound is going to make this work, I suspect it will happen during the European section and will need solid results from today's slate of data. If that's the case I'll target 1.6850.
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I've added a new chart of the same set up but with further supporting data.
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