The AUD/GBP looks to have run out of steam for its move higher and bounces should now fall short of the 0.4920/30 region and make great selling opportunities for a move back to 0.4660.

The weekly chart has all the tech studies turning down from overbought levels where as the daily techs are trying to turn up. This makes me think that we will see further attempts of the 0.4900 resistance level and i would be looking to sell ahead of this with a stop above 0.4960.

audgbp-hourly-21-apr-09