AUD and GBP: The Pressure is Building

We’re still getting mixed signals as a consolidation moves continue. But it looks as though some of the currencies are building up steam; the likely resolution (on technical analysis alone) being a sharp breakout in accordance with the trend prior to consolidation. In other words, up versus the US dollar.

We’ll start with the British pound, which has made an almost unfathomable run in the previous four months.