As the markup demonstrates, GBPAUD has double topped on H4 and has been in a consolidation for more than 3 weeks. Aussie has held gains even with Gold falling but I believe this is partly due to Crude rallying (as the Aussie is a commodity strong currency) and dissipation of trade war fears. Taking the simple technicals and overall market fundamentals into account, I am short on this pair in the near term. Please share your opinions below!
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