Australian Dollar Forecast

The Australian Dollar is likely to outperform Pound Sterling during the weeks and months ahead according to Commonwealth Bank of Australia (CBA) research, with elevated commodity prices and shifting central bank policies conspiring to drive GBP/AUD down to 1.66 this quarter.

The Australian Dollar is 2022's top performing major and any bouts of weakness - as seen in the past week - are likely to be short-lived says a major Australian lender.

GBP/AUD approaches lowest in two years as AUD maintains best performer status.

Any weakness in the Australian Dollar is being viewed by strategists at Westpac as an opportunity to buy, a view which if correct would mean Pound-Australian Dollar exchange rate upside will remain limited near-term.

GBP/AUD drawing line under steep sell-off, may be set to hold above 1.7950 this week.

GBP/AUD looking for a foothold near 1.8350, could steady as market wavers on RBA view.

GBP/AUD set to extend & could top 1.9607, with GBP set to outperform lethargic AUD.

GBP/AUD recovery places 22-month highs in sight, supported at 1.8805, could retest 1.92 short-term.

GBP/AUD uptrend intact as AUD slumps on surging volatility. Eyes on a rebound of oversold markets.

GBP/AUD risks slippage near to 1.8815, may struggle above 1.90 in short-term.

"The AUD can be expected to find support on stronger than expected wage related data" - Jane Foley, Rabobank.

GBP/AUD building support at 1.84 and could edge higherccas AUD/USD stalls & looks to consolidate into new year.

"The tug-of-war between the China slowdown and RBA policy normalization is likely to be the key theme for AUD in 2022" - Bank of America.

The U.S. Dollar is forecast by HSBC to continue a run of outperformance in 2022, but the Australian Dollar also looks set to appreciate say analysts at the UK-based global lender.

It could be time for the Australian Dollar to give back some of last week's impressive rally say a couple of investment bank analysts we follow.

GBP/AUD could potentially struggle this week to get back above even the nearby 1.86 handle.

The Australian Dollar is forecast to rise in 2022 by analysts at global lender and investment bank ING, but it also faces the greatest downside risks of its G10 peers.

GBP/AUD benefiting from USD’s Fed-driven uplift and may attempt recovery of 1.86, if USD rises further.

Charts of GBP/AUD show bullish technical patterns amidst a bull flag and channel breakout.

Studies of GBP/AUD charts indicate an ambiguous outlook with the possibility of a reversal despite the downtrend remaining dominant.