GBP/AUD remains above its 21-day moving average and recent breakout zone.
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Short-term forecast: GBP/AUD appears to be forming a base following May's selloff, with the balance of probabilities now favouring further recovery.
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The Australian dollar remains well supported and the constructive backdrop is intact, Lloyds says, even as the currency absorbs a run of softer domestic data that has trimmed rate hike expectations…
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Harper and minimum wage uplift offer supportive tailwinds for Aussie's rally.
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A period of stability in GBP/AUD might be coming to an end, and a retest of May lows at 1.8613 might come into play.
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GBP/AUD rises to top of 1-week range, upside likely to be limited.
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The pound to Australian dollar exchange rate is squeezed into a pincer point on the daily charts, suggesting it's readying for a breakout.
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