GBP/AUD
After declining on the last week, the GBP/AUD has bounced on a support at 1.5373 (50% retracement of February to May 2012 upward wave). Over the coming trading sessions, the cross should extend its recovery towards 1.5565, and possibly towards 1.5684 (23.6% and 38.2% retracements of May to June 2012 downward wave). Alternatively, breaking below 1.5373 would release more downside potential. (Buy : Stop @ 1.5360 ; Target @ 1.5680)
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NATIXIS