GBP/AUD Analysis 9-3-2014

The GBP/AUD trend analysis shown below indicates that this  is trending lower on the larger time frames, like the weekly time frame.  This pair has no nearby support below the current pricing of around 1.7590. You can set a price alert here. When the price alert hits check The Forex Heatmap® to verify any sell entries.     The pip potential is nearly 600 pips to the next major support level. The Australian Dollar (AUD) strength is prevalent in the market now and driving movement. The analysis below was done with simple trend indicators and multiple time frame analysis.

GBP/AUD Analysis 9-3-2014

GBP/AUD Analysis 9-3-2014

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