GBPAUD to face two dovish central banks
GBPAUD made a break lower on the back of US GDP giving AUD and NZD a boost, we expect some retrace back to previous support area into RBA early in the week.
The next move will be decided on the next move by the RBA, a cut will likely to lead to upside break but with the BOE to follow we could see this whip back below 1.75000 again.
The next move will be decided on the next move by the RBA, a cut will likely to lead to upside break but with the BOE to follow we could see this whip back below 1.75000 again.
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