15 / 03 / 2017 | Technical Analysis
There’s a long-term channel down showing for EUR/AUD, with interest rate differentials playing a role here. Daily chart suggests next leg lower is now being formed.
GBP/USD had a brief foray below 1.2130 and is now targeting a move higher. Look for resistance at 1.2300 then late February lows of 1.2410.
This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.