GBP/AUD
The pair British pound - Australian Dollar is the most time in negative correlation with financial markets, so when the markets go down the pair has a clear tendency to rise and vice versa. And indeed, the bearish wave that gripped markets recently provided support to the pound - that Australian dollar reversed direction and for the first time in a long time began to climb upward.
For now the pair has met with strong resistance around 1.5575; the break of this level serve as a trigger to take a bullish position that will lead you back to the levels of 1.6100 or even 1.6500.
The MACD indicator, is showing signs of an upward trend even higher.
