The GBP/AUD trend charts are shown below for the D1 time frame. This pair could cycle up or down as the overall trend at this point is down but it could bounce off of support tomorrow in the main trading session. Therefore, we are setting two price alarms to intercept movement in either direction. There is excellent pip potential in both directions above or below the price alarm points at 1.8060 and 1.7900. If this pair cycles up, the D1 time frame trend could form back to the upside.
Forex Trend Charts GBP/AUD 4-2-2014