GBP/AUD is among the biggest movers today (which isn’t saying much).
If the pair can add another 30 pips on the upside today, it could form a bullish outside reversal on the daily chart and threaten to retake the 200-day moving average.
In the absence of a strong move higher today, the momentum in this pair is lower.
In either case,the possibility for central bank action in both countries will make it an interesting pair to trade in the coming weeks.
