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The technical outlook for GBP/AUD is marginally bullish as the pair is rising in a clear ascending channel which is expected to continue along the lines of the old adage that ‘the trend is your friend’. Inflation and GDP data forms the primary focus for Sterling in the week ahead while Chinese trade data will be watched by Aussie traders.
February 11,2019
The Australian Dollar is on its back foot and will remain so for a while to come as concerns about domestic interest rate policy are about to be supplemented by fresh China-related losses that could gatecrash 2019's party in the Antipodes on Monday, analysts say.
February 8,2019
The sudden rebound in the GBP/AUD exchange rate coincides with the pair reaching a strong support zone at the level of the base of a channel and several key moving averages (MA) including the 50 and 200-day MAs.
February 7,2019
The midweek volte-face in economic expectations at the RBA dovetails with the exchange rate reaching a key watershed ‘make-or-break’ level on charts.
February 6,2019
Analysts at Indosuez believe the U.S. Federal Reserve (Fed) will continue to raise interest rates, and benchmark 10-year bond yields will rise accordingly - both tend to result in an appreciation in the currency too.
February 6,2019
The Australian Dollar was left badly bruised Wednesday after the Reserve Bank of Australia (RBA) dropped its bias to lift interest rates over the coming years, prompting traders to dump the Antipodean currency.
February 6,2019
The Australian Dollar ouperformed rivals Tuesday after the Reserve Bank of Australia (RBA) took markets by surprise when it appeared to retain its bias to lift interest rates over the coming years.
February 6,2019
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