GBP/AUD
The cross has sharply bounced in the recent weeks and has tested (and slightly breached) yesterday a resistance at 1.5623 before a consolidation. This consolidation may extend in the short term toward 1.5417 and possibly toward 1.5282 (short term retracement & former short term resistance line now support). Above this support, the short term bullish trend remains intact. Short – Stoploss @ 1.5636 – Target @ 1.5421.
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NATIXIS