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AUD/GBP Weekly Chart shows the AUD steadily rising against GBP for over two years now. The bottom corresponds with the Lehman/GFC scare of late 2008.
More recently, price seems to have bounced off the supporting channel where it looks as though it will rise again. This is supported by a positive crossing of the stochastic. However intraday falls from current 0.6280 levels are possible without affecting the weekly chart.
A weekly close below 0.6150 could break the uptrend.
No advice or trade suggestion given.
