The Pound to Australian Dollar rose strongly in the previous week after Theresa May’s announcement to hold an election in June but it has now reached uncomfortably close to a level which is likely to cap future progress higher.
GBP/AUD has risen strongly over recent sessions and achieved levels which change the whole outlook for the chart from a technical perspective.
Markets surprised by lack of reaction to minutes but then Aussie falls following softening in iron ore prices
GBP/AUD is showing bearish potential after rotating lower after encountering resistance at the 200-day MA and the top of a pattern.
The Pound to Australian Dollar has reached a ‘glass ceiling’ of resistance on price charts which will make it hard for it to rise any further.
GBP/AUD has risen over the last week, moving up to a level of 1.6500.
A report from the Australian government has given a negative forecats for iron ore - but is the report really that negative about Australian trade in general, and what are the implications for the exchange rate?
The Pound to Australian Dollar pair has continued rising and building on gains it made after breaking above a key trendline on March 21.
The Australian Dollar fell against most counterparts on Monday morning after the release of February Retail Sales data showed a disappointing decline in February.
The Pound to Australian Dollar has seen something of a rebound since the March 16 1.58 lows and is currently trading at 1.6457.
The Australian Dollar is likely to weaken over the medium term because of the twin effects of a fall in Chinese demand for Australian commodities and slowing wage growth.
EUR/AUD has been sliding lower in a neat descending channel over the last ten months, recently it flirted with a key overhead level - will it push higher or begin a new more bearish phase instead?
The GBP/AUD pair has moved successively lower as the Pound has depreciated due to Brexit fears and the Australian Dollar has gained strength mainly from rising commodity prices.
GBP/AUD is breaking higher suggesting a change of trend could be in the offing
Iron Ore traders were the most pessimistic group in a recent survey of commodity practitioners by international commodity and financial services conglomerate Macquarie.
GBP/AUD is puttering along in a range in the 1.60s but the lack of downside momentum as well as the location of the S1 monthly pivot at the 1.5931 lows seems to indicate the possibility of a rebound higher evolving.
Labour market uncertainty, stubbornly low wages and volatility in commodity prices are expected to keep the Australian Dollar under pressure until the end of 2018 say analysts at Aussie lender Westpac.
GBP/AUD has formed what looks to be a triangle pattern on the daily chart which bodes bearish for the outlook for the pair.
The GBP/AUD exchange rate has temporarily broken above the trendline drawn down from the February highs, in a mildly bullish move.
GBP/AUD has been tapering to the apex of a steadily narrowing rang between lows at 1.5980 and highs currently at about the 1.6180 level; we look for the exchange rate to potentially break higher.
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