Idea Origination

GBPCAD short

Range trade on the Daily charts w/almost four points of resistance. Stop is easy to place - above 1.8050 should be good. Profit exit of 1.73-1.75 should be conservative enough.

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Quote from IShopAtPublix:

Mark my words, within the next week, GBP/NZD will touch (or be very close to or even below) 2.70.

I was off in terms of timing but got the general direction right. Anyone had a position in that direction?
 
RBA rates tonight. AUD pairs may be quiet till then?

AUD/USD back near 0.6300, good support. If it holds, may see 0.6600 again, not predicting, just an opinion, so, no $ on it.

AUD/JPY, may have good support presently at approx 61.00.

Big honkin' chart below

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