GBP/AUD is a good pair for swing trading.
GBP/AUD gave a very good sell trade in the first week of 2017.
Is the downtrend over? This is an important question.
I have written this blog post in which I explain how to analyze GBP/AUD.
When you analyze a currency pair, you should start from the highest timeframe.
Then you should go to the lower timeframes.
If you look at the H4 chart, it looks like GBP/AUD downtrend is over.
But when you look at weekly chart, it is a definite downtrend for GBP/AUD.
GBP/AUD will go down more before it finds support.
