GBP/AUD Continuation In The Works?

 | Aug 14, 2014 08:48AM ET

Currently the GBP/AUD is at 1.7905. We have a Break of the rectangle and looking for a continuation to the Support area at 1.7846 with an overall target at 1.7812. The average daily true range (ATR) for the pair currently is 81 pips.