GBP/AUDGBP/AUDOANDA:GBPAUDkurolisuThe key focus for GBP/AUD is simply how much the pound can rebound from the recent highs. This is because the geopolitical importance of the resource-rich nation, Australia, is increasing day by day. From a chart perspective, the setup suggests we are in the final phase of an Elliott Wave structure—reflecting a prolonged period of Australian dollar strength and its resulting backlash.