Will the Dollar Continue to Strengthen?

GBP/AUD:

The pair’s hourly chart is showing the potential for a downward correction in the price. Currently the pair is trading slightly outside its upper border on the Bollinger Bands. The Relative Strength Index displays the price may be overbought, indicating the potential for a price decline. We also see a potential bearish cross forming on the Stochastic Slow Oscillator. Forex traders may want to be short on this pair for the potential downward movement.