Australian Dollar Forecast

Should global investor sentiment deteriorate further in the coming days, there is a good chance that GBP/AUD will make a run for 2024 highs at 1.9570.

A major investment bank has said it thinks the Australian Dollar can continue its streak of outperformance.

The Pound to Australian Dollar exchange rate can recover to 1.91 this week.

Since the start of the year, the year-end median forecast for the Pound to Australian dollar exchange rate has risen by 500 pips.

Further GBP/AUD losses are likely as markets consider the potential for another Australian interest rate hike. But we could see a limited bout of strength in the early parts of this week.

The Pound to Australian Dollar exchange rate is forecast to come under further pressure in the week ahead, provided UK inflation data undershoots expectations and the RBA delivers 'hawkish' guidance.

The Pound to Australian Dollar exchange rate's recovery is growing in confidence following the recent break above the 50-day moving average.

The Pound to Australian Dollar exchange rate is rising at the start of the new month and could end the week above a key resistance area if U.S. labour market data beats expectations.

The recovery in the Pound to Australian Dollar exchange rate appears to have stalled at the 200-day moving average (DMA) and raises the potential for a resumption of selling pressures in the coming days.

The Australian Dollar is on a hot streak, and we expect it to make further gains against Pound Sterling in the coming weeks, although the coming days could see a recent consolidation extend.

The Pound to Australian Dollar exchange rate risks further declines in the coming days amidst a soft technical setup and potential downside risks to U.S. inflation.

Commonwealth Bank of Australia has lowered its forecasts for the Australian Dollar against the Dollar and Pound, but holds onto its view that the "next big move" in the Aussie will "be up rather than down".

The Australian Dollar can look forward to the support of a central bank that is not done hiking, according to new research.

The Pound to Australian Dollar exchange rate is breaking down and technical studies show a higher likelihood of further losses in the coming days.

The Pound to Australian Dollar exchange rate is teetering above the key 200-day moving average (DMA) as we write on Monday; it must stay above here if a positive technical setup is to remain entrenched.

While the Australian Dollar still looks vulnerable to a further deterioration in market sentiment, but buoyant global commodity prices and a strong domestic jobs report should limit the downside in the coming weak.

The Pound to Australian Dollar exchange rate is at risk of testing fresh multi-week lows in the coming days, especially if Wednesday's U.S. inflation report undershoots expectations.

The Australian Dollar is the preferred commodity currency with strategists at Bank of America (BofA) who say industrial metal market dynamics are proving supportive.

Pound Sterling could stay under moderate pressure against the Australian Dollar in the coming week owing to a softening technical setup and the risk monthly inflation figures will beat expectations.

Pound Sterling's 2024 uptrend against the Australian Dollar is intact and the coming week could see a retest of last week's high at 1.9570.