GBPAUD

Hello Traders,

Both charts posted yesterday took a break from current trend. The Aussie moved in excess of 300 pips down though did not quite reach the Fib breather level. The Swissy moved in excess of 400 pips from high to low and at the time of writing this is showing a bullish candle for the day. Both of these charts will continue to remain on my watchlist for further opportunity.

For today I have reviewed the GBPAUD daily chart. This pair has produced another big bearish bar and passed through a support which has had many previous touches. Price is currently in a zone which has Fib clusters, S/R's and RN. To add to this MACD is showing convergence. Worth reviewing lower timeframes for the appropriate opportunities.















Savour the last few days of 2008 trading.

Bijal Shah