GBP/AUD

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.

The Reserve Bank of Australia shifted down a gear from upbeat to mostly neutral in the accompanying statement to their March policy meeting.

GBP/AUD has been tapering to the apex of a steadily narrowing cone-like range, but a breakout now appears to be on the cards.

 Australia is the largest iron ore producer in the world, what does the outlook for this commodity mean for the Australian Dollar?

 The Australian Dollar is selling off rather heavily versus the US Dollar, which is causing some concern inside FX circles.

GBP/AUD has been moving sideways for several weeks now and although it seemed to want to break out to the upside on Friday, the spike was only temporary before the exchange rate retracted and ended the week back down inside the range.

The Aussie Dollar is the strongest currency in the G10 having risen an average of 6.7% versus its counterparts in 2017.

 GBP/AUD may be forming a triangle pattern as price action consolidates in between two narrowing lines.

GBP/AUD is probably forming a three-wave pattern called a measured move, otherwise known as an a-b-c-d pattern – of the bearish variety.

Surprisingly strong Chinese trade figures have supported a more positive outlook for the Australian economy delivered in a speech by the Reserve Bank of Australia (RBA) governor at a recent economic forum.

 GBP/AUD is moving in a broad range on the charts without any strong directional bias.

The Australian Dollar continues to defy bearish fundamental forecasts as it tracks higher versus the Pound.

The GBP/AUD pair is rising in a strong uptrend following a correction back from the 1.6780 highs.

 The GBP/AUD has been recovering from lows of 1.60 set in the middle of January to its current level in the 1.66s.

The GBP/AUD pair has had an especially strong up-day which has now touched tough resistance from the S2 monthly pivot at 1.6681.

We are constructive for this pair's outlook and see risks tilted to the upside in the coming week.