GBP/AUD
After a rebound earlier this week, the cross failed to clear a short term resistance line at 1.5420, which signals an extension of the consolidation in the short term toward 1.5160, and possibly toward 1.4990. We remain bullish in the medium term as a head & shoulder pattern is still present in the weekly chart. Sell – Stoploss @ 1.5421 – Target @ 1.5162.
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Natixis