GBP/AUD
The cross has stabilized above a support at 1.5267 which signals a new test of the short term resistance at 1.5451 (retracement of 38% of the downtrend between October & November 2012). A break above this resistance would prolong the recovery toward 1.5618. A return below 1.5267 would instead invalidate this scenario. Buy – Stoploss @ 1.5330 – Target @ 1.5450.
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