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Showing posts with label GBP/AUD. Show all posts
Showing posts with label GBP/AUD. Show all posts

Sunday, March 25, 2012

Elliott Wave Analysis of GBP/AUD & EUR/AUD

When looking at the EUR/AUD it got me thinking to have another look at the GBP/AUD cross as they move in sync most of the time

It appears that we could have a completed pattern, so it will be interesting to note the direction of both EUR/AUD and GBP/AUD, more so for a clue on AUD/USD and potentially risk on or off into next week

Generally both the GBP/AUD and EUR/AUD pairs push higher when the AUD/USD pair goes lower, so if both the EUR/AUD and GBP/AUD is near or maybe finished their corrective looking ideas, we could be seeing a reversal in the AUD crosses