Technicals: - Stochastics moving into Overbought conditions (D and W) - Price action close multi-year Resistance Line of Parallel Channel - Price action likely to consolidateinside the Short-Term Parallel Channel until it breaks
Fundamentals: - The Brexit story will remain volatile and may give the GBP a push higher while the AUD may strengthen in the near future once the US-China trade deal settles
We will be waiting for confirmations of multiple confluences before considering this trade setup ready. Patience is the key to success.
*This pair outlook is provided on an advisory basis. Any trade decisions made based on this outlook is a personal decision and we are not responsible for any losses derived from it.