GBP/AUD: More Topside?

 | Feb 28, 2014 09:42AM ET

Currently we are at 1.8696 after the break north of the bull flag. We are looking for a bullish continuation to the first wave resistance R6 @ 1.8730 and 2) the next target the 5.3rd wave R5 @ 1.8774. The average daily true range (ATR) for the pair currently is 188 pips.