Beating Alpha

iterating towards truth

Uncategorized

GBP/AUD strong monthly resistance at 1.7550

25

With Australian political parties not being able to produce a majority government for the first time in 70 years and technical indecisiveness of British pound we can see nice and strong resistance around 1.7550 at GBPAUD. Last lower low was created on 17th of August and at the moment we can see pressure building up towards the north side. At the moment the only side I would consider is the long side and rapid strong break of 1.7550. Anyway interesting pair to watch for next few days and maybe weeks since this development has been in progress for almost a month to this date. Take a look 😉

Leave a Reply