Experts believe the GBPUSD will go lower, but recommend this trading approach.
as risk appetite has been decimated across the board. The Aussie is highly sensitive to commodities, so it does make sense that we would see the Australian dollar fall. That being said,
it looks as if any rally at this point in time should be treated with suspicion, and I suspect that there will be plenty of sellers willing to get involved if the Aussie does try to recover a bit.The euro initially tried to rally for the week but then broke down below the 1.05 level again. At the end of the week, it even managed to slice through the 1.04 level.
Rallies at this point in time continue to be selling opportunities unless of course we somehow break above the 1.08 level, something that I do not anticipate seeing any time soon.Much like the euro, the British pound was hammered last week, especially on Friday. The British pound currently sits at the 1.20 level as I write this article, and if we can break down below
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