AUD – RBA announcement today. Also with the trade talks between Trump and Xi looking likely, can the AUD stage a comeback after a recent poor run? In the TC chart below it’s crucial the pair break out of the channel if there is to be further upside. The chart below is a daily, key resistance can be seen at 0.7230 on the 30 minute Trading Central chart. Breaking 0.7230 could suggest further upside and would constitute a break from the channel presented below.
GBP – The Pound is benefiting from improvements in the Brexit negotiations with the EU. GBPJPY has been performing well the last week and could see further upside, it is currently trying to break resistance of 148, if the pair break that, 148.80 is the next resistance as per Trading Central.
Further reading:
https://www.reuters.com/article/uk-britain-sterling/sterling-rallies-on-hopes-for-a-uk-customs-deal-brexit-agreement-idUSKCN1NA0YV
