Morning roundup AUD is in focus with a crab formation in AUD/NZD

Ian Coleman FXStreet

The single currency AUD is close to bespoke support. GBP has corrected higher but only to hit resistance. With GBPAUD at 78.6, this makes for interesting resistance.

The long-term bias for AUDNZD has been to the downside. However, we have a bullish Crab pattern forming between 1.0288-1.0279. Will this signal a completion of a medium term bullish Gartley?

Author

Ian Coleman

FXStreet

Ian started his financial career at the age of 18 working as a Junior Swiss Broker at Godsell Astley and Pearce (London). He quickly moved through the ranks and was Desk Manager at RP Martins at the age of 29.

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