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Forex Analysis Aussie Dollar AUDGBP
Time Frame : Hourly Chart
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Currency Pair AUDGBP
The Aussie Pound is breaking down and heading for support around the 0.4800 zone so time to look for an entry short. Price pushed below minor support at 0.5010 so watching now for a retest and a failure of the level for the shoulder setup on the lower timeframes. Once we see that, then expect many buyers realizing they are on the wrong side of the action and selling back into the market to get the ball rolling on the downside.
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Currency Pair : AUDGBP
Current Price : 0.4970
Status : On watch for a break down
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