CMTTrader

GBPAUD on the brink of a collapse?

Short
FX_IDC:GBPAUD   Livre sterling / Dollar australien
Key trend line currently running around 1.9461, if this level is still not broken until tomorrow (Wednesday), the trend line will be running around 1.9495.

In both cases, a break below this trend line will be destructive to this pair, and could result in a collapse near 1,000 pips, as one of the most interesting targets for this break is 1.8545.

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