The technical outlook for GBP/AUD is mixed at this point - whilst the pair remains in an established short-term uptrend it is vulnerable to weakness because of a ‘broadening formation’ or ‘loudspeaker’ pattern which has developed.
March 11,2019
The Australian Dollar attempted a feeble riposte against the U.S. Dollar on Friday but the Antipodean currency could be facing further losses during the weeks and months ahead if interest rate forecasts made by National Australia Bank (NAB) prove to be correct.
March 8,2019
The Australian Dollar recovered off earlier lows Thursday after official data revealed a sharp increase in the January trade surplus, which offered support to the Aussie even after other figures showed household spending growth was underwhelming early in the New Year.
March 7,2019
Our technical studies of GBP/AUD suggest the outlook is short-term bullish, favouring a continuation higher to around the 1.89-1.90 level before any risk of a substantial move lower.
March 6,2019
The Australian Dollar collapsed into the Wednesday session after official data showed the economy slowing sharply late last year as consumers came close to going on strike, which could mean a 2019 Reserve Bank of Australia (RBA) rate cut is all but a done deal.
March 6,2019
Pound Sterling is configured for further advances against the Australian Dollar on a technical basis, but the two key fundamental risks to keep in mind are a potential parliamentary vote on the Brexit deal in the UK and the Reserve Bank of Australia's March policy meeting.
March 4,2019
The Pound-to-Australian-Dollar rate continued to hover close to a four-month peak on Friday but there are still better days ahead for the exchange rate, according to analysts at Australia & New Zealand Banking Group (ANZ), who say Sterling will hit a post-referendum high against the Aussie this year.
March 1,2019
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