fozzy999

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GBPAUD 100% | 1
fozzy999 fozzy999 GBPAUD, D, Long ,
GBPAUD: GBPAUD Long trade, bounce off strong resistance trend line
72 1 1
GBPAUD, D Long
GBPAUD Long trade, bounce off strong resistance trend line

Decreasing growth in the Chinese economy, means lower demand for Australia's iron ore and coal (of which prices are declining), therefore Australia is experiencing over supply issues and a surplus in output capacity. Unemployment is rising, and recent monetary policy is dovish. All these factors point to this pair being very bullish.

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British Pound/Australian Dollar
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