On a purely technical basis the GBPAUD
is gearing up to move in favor of the bulls. In the past month and a half its been diverging with the 14 day RSI
indicating a bull
run is in the making. A third bounce off a support range of 2.0800 - 2.0900 price range as well as a bounce off the lower band of the regression channel will serve as a strong sign the AUD is losing momentum and ready to reverse.