Forex Market News
GBP/USD and AUD/USD Analysis
Most Likely Scenario: Short positions below 1.53 with targets @ 1.5185 & 1.5135 in extension.
Alternative scenario: Above 1.53 look for further upside with 1.535 & 1.545 as targets.
Comment: As long as the resistance at 1.53 is not surpassed, the risk of the break below 1.5185 remains high.
AUD/USD News and Analyssis
Most Likely Scenario: Long positions above 0.7785 with targets @ 0.7875 & 0.791 in extension.
Alternative scenario: Below 0.7785 look for further downside with 0.7745 & 0.771 as targets.
Comment: The pair has rebounded above its support and remains on the upside.
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